The KOSPI index closed at 2544.40 points, down 1.05% from the previous week, and the KOSDAQ index closed at 868.82 points, down 3.87% from the previous week.
By supply and demand, in the KOSPI market, individuals and foreigners net bought 380.2 billion won and 792.9 billion won, respectively, and institutions net sold 1.157 trillion won.
In the KOSDAQ market, only individuals bought 1.4141 trillion won net, while foreigners and institutions net sold 643.9 billion won and 678.6 billion won, respectively.
Last week, the KOSDAQ index was again giving way to the 900-point line, which it had reached in about 11 months.
Volatility has increased, centered on secondary batteries, which have continued to rise, and individual investors’ concentration on supply and demand has intensified, and after Tesla’s sluggish performance announcement, profit-taking sales appeared in the market.
For the time being, the stock market seems to need risk management.
In order for the market to rise in the trend, economic improvement, export growth, and upward revision of earnings forecasts are required, but the May stock market is expected to be sluggish.
Starting this week, big tech companies such as Microsoft, Alphabet, Amazon, and Apple are scheduled to announce their earnings.
With the US leading economic index declining, it is difficult to find additional momentum for big tech companies’ earnings, and US commercial banks are aggressively reducing corporate loans.
In Korea, the performance of secondary batteries will be announced.
POSCO Holdings, POSCO Future M, Samsung SDI, and LG Chem are scheduled, so it seems necessary to pay attention to supply-demand volatility.
In terms of the current macroeconomic situation, uncertainty surrounding the US economy and monetary policy is high, and the KOSPI index has exceeded 2,500 points.
In the short term, it is likely to act as an excuse to increase investors’ desire to realize profits.
If expectations for a turnaround by industry and stock are valid, it would be desirable to overweight stocks during corrections.
2023-04-23 15:45:54
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