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KOSPI shows mixed performance in early trading on December 26th: market updates and trends

Delivery time2023-12-26 09:29

Hana Bank dealing room status board in Jung-gu, Seoul on the 22nd. [연합뉴스 자료사진]

(Seoul = Yonhap News) Reporter Song Eun-kyung = KOSPI is showing mixed performance on the 26th at around 2,600 points in the early trading period due to the burden of short-term overheating.

As of 9:20 am on this day, KOSPI fell to 2,598.50, down 1.01 points (0.04%) from the previous trading day’s closing price.

The index opened at 2,609.44, up 9.93 points (0.38%) from the previous day, then turned weak and fell to 2,596.

In the stock market, institutions are net buying 78.2 billion won worth of stocks, but individuals and foreigners are net selling 32.6 billion won and 41 billion won worth of stocks, respectively, pulling down the index.

In the Seoul foreign exchange market, the won/dollar exchange rate opened at 1,299.0 won, down 4.0 won from the previous trading day’s closing price, and has been fluctuating around the 1,300 won range in the early hours of the session.

On the 22nd (local time), the trend of disinflation (slowing price rises) was reaffirmed in the New York stock market, but the three major indices that continued their upward trend for a long time closed at mixed prices.

According to the U.S. Department of Commerce, the personal consumption expenditures (PCE) price index in November rose 2.6% compared to the same month last year and fell 0.1% compared to the previous month.

The core PCE price index, excluding energy and food, rose 3.2% compared to the same month last year, falling short of the expert forecast (3.3%) compiled by the Wall Street Journal (WSJ).

Jiyoung Han, a researcher at Kiwoom Securities, said, “Expectations for a year-end and early-year rally are expected to remain valid this week, but the stock price momentum may be limited in the short term due to the burden of short-term overheating and sluggish trading ahead of the year-end closing,” adding, “Transfer tax on major shareholders, ex-dividends, etc. He predicted, “An atmosphere will be created that is dependent on the country’s unique year-end supply and demand event.”

In the upper ranks of the stock market market capitalization, the fluctuations of each stock are mixed.

Samsung[005930]While (0.00%) remained flat, LG Energy Solution[373220](-0.36%), Hyundai Motor Company[005380](-0.50%), POSCO Holdings[005490](-1.04%), KIA[000270](-0.42%) etc. are falling, SK Hynix[000660](0.21%), Samsung BioLogics[207940](0.14%), Naver (0.47%), LG Chem[051910](0.61%) etc. are rising slightly.

By industry, machinery (-1.20%), steel and metal (-0.83%), transportation equipment (-0.56%), and transportation warehouses (-0.47%) showed a downward trend, followed by pharmaceuticals (1.32%) and services (0.46%). , financial industry (0.31%), etc. are showing an upward trend.

At the same time, the KOSDAQ index was 848.96, down 5.66 points (0.66%) from the previous day.

The index started at 855.75, up 1.13 points (0.13%) from the previous day, and then turned bearish, widening the decline.

In the KOSDAQ market, foreigners and institutions are net selling KRW 66.8 billion and KRW 14.1 billion, respectively. Individuals have a buying advantage of 93.3 billion won.

At the top of the market cap is Ecopro BM.[247540](-3.06%), EcoPro[086520](-4.19%), L&F[066970](-1.46%), HPSP[403870](-0.95%), JYP Ent.[035900](-1.69%), etc. are showing weakness, POSCO DX (0.64%), Alteogen[196170](2.16%), Celltrion Pharmaceutical[068760](1.00%) etc. are rising.

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2023/12/26 09:29 Sent

2023-12-26 00:29:22
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