KOSPI Strong on Institutional Buying... Will It Settle at 3200 [fn Afternoon Market Report]

[Financial News] KOSPI is continuing its upward trend on the 5th, driven by institutional buying. Individuals showed buying trends in the morning but turned to selling. Also, institutional selling turned into buying, resulting in a change of hands.
This afternoon at 2:43 PM, KOSPI is trading at 3208.00, up 7.17p (0.22%) from the previous trading day. KOSPI started at 3209.44, up 8.61p (0.27%) from the previous trading day.
In the domestic stock market, individuals and foreigners sold 27.9 billion KRW and 69.2 billion KRW worth of stocks, respectively, while institutions are buying 23 billion KRW worth. 
Among the top 14 stocks by market capitalization, SK Hynix (3.39%), Samsung Biologics (1.38%), and Naver (1.32%) showed strength, while Hanwha Ocean (-5.30%), LG Energy Solution (-2.14%), and Doosan Enerbility (-1.75%) showed weakness.
Samsung Electronics, which ranks first in KOSPI market capitalization, is trading at 69,850 KRW, down 0.36% from the previous trading day. The KOSDAQ index is trading at 811.16, up 5.74p (0.71%) from the previous trading day. The index opened at 808.93, up 3.51p (0.44%).


khj91@fnnews.com Kim Hyun-jung Reporter