On the 11th, KOSPI broke the 3200 line in the early stage of the market. /Photo = Yonhap News
In the KOSPI market, individuals and institutions are fighting for leadership. Institutions are leading the index by pouring out a record amount of 2.3 trillion won worth of goods, and individuals receiving more than 3 trillion won. It is the largest ever.
At 12:10 pm on the 11th, KOSPI is recording 3176.31, an increase of 24.13 points (0.77%) compared to the previous trading day. On this day, the index started at 3161.90 and exceeded the 3200 line during the intraday, but the rate of increase declined as the institutional buying trend continued.
Individuals are steadily buying up right after opening. After buying 1 trillion won in 10 minutes after opening, the net purchase exceeded 2 trillion won at 10:40 am. Since then, it has continued its buying trend and currently has an advantage of 3,925 billion won.
The institution is showing the opposite. After 30 minutes of opening, it net sold 1 trillion won worth. At 11:10 am, net sales exceeded 2 trillion won. Currently, the agency has sold 2,422 trillion won worth. Foreigners are net selling 5798 billion won.
Most of the stocks with the top market cap are on the rise. Samsung Electronics is trading at 93,000 won, up 4200 won (4.73%) from the previous trading day. Hyundai Motor is on a 10% rise. SK Hynix and Naver LG H&H are on the decline.
The KOSDAQ is on the decline. It is trading at 973.31, down 14.48 points (1.47%) from the previous trading day. Individuals and institutions are superior in selling 12.8 billion won and 3.9 billion won respectively. Foreigners alone are net buying 39 billion won.
In the Seoul foreign exchange market, the won-dollar exchange rate is 1097.5 won, up 7.7 won from the previous trading day.
Yoon Jin-woo, reporter at Hankyung.com [email protected]
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