KOSPI, 7,291.91closed…Bank stocks were strong, while individuals 1trillion 5,000billion sold
7month 9day, KOSPI rose 45.12points (0.62%) to close at 7,291.91. During the session, it briefly turned lower, news emerged that individual investors had sold 1trillion 5,000billion won worth of shares, and bank stocks showed relative strength.
7month 9day, KOSPI closed at 45.12points (0.62%) higher, at 7,291.91. The index recovery is an issue that could affect investors’ positioning in a volatile market.
During the session, the index also turned lower. After the morning session, gains and losses continued to alternate.
Individual investors were estimated to have net sold 1trillion 5,000billion won worth of stocks that day. The selling volume acted as downward pressure on the index.
Reports said that the Yeon-gi County government was deployed to defend the market. Buying aimed at supporting the index affected intraday positions.
By sector, bank stocks showed relative strength in a volatile market. Related stocks rose as their defensive characteristics came to the fore.
The KOSDAQ recovered 800 in a single day. Semiconductor materials, components and equipment stocks were reported to have led the index’s recovery.
There was a period when the index recovered 7,500 on favorable news related to SK hynix. SK hynix’s schedule for visiting the United States was reported to have affected investor sentiment.