The KRX K-Content Index rose this month by 2.94%, accompanied by ETF and institutional buying
8According to the Korea Exchange, the KRX K-Content Index has risen 2.94% so far this month. Over the same period, the KOSPI and KOSDAQ fell by 14.51% and 14.32%, respectively, while the sector rebounded alongside buying of related ETFs and net institutional purchases.
8According to the Korea Exchange, the KRX K-Content Index has risen 2.94% so far this month. The index’s rise contrasts with the declines in the KOSPI and KOSDAQ.
Over the same period, the KOSPI fell by 14.51%. The KOSDAQ fell by 14.32%.
The KRX K-Content Index consists of media and entertainment-related companies, including HYBE, JYP Entertainment, SM Entertainment, and YG Entertainment.
Related exchange-traded funds (ETFs) also rose over the past week. The recent one-week returns are shown below.
| ETF | One-week return |
|---|---|
| ACE KPOP Focus | 11.83% |
| HANARO Fn K-POP&Media | 10.86% |
| TIGER Media Contents | 5.35% |
Institutional investor inflows have also been confirmed. The stocks with the highest net institutional purchases this month and the amounts of those purchases are as follows.
| Stock | Net institutional purchases |
|---|---|
| HYBE | 1,583KRW million |
| SM Entertainment | 244KRW million |
| JYP Entertainment | 142KRW million |
| YG Entertainment | 34KRW million |
The report said that rotational buying flowed into sectors that were undervalued relative to their earnings as an adjustment centered on semiconductors continued.
Sources: 파이낸셜뉴스 증권
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.