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Pension funds step into volatile market for a rebound, here's what they're buying

Pension funds step into volatile market for a rebound, here's what they're buying

Intraday Market Conditions

An electronic board at Hana Bank's dealing room in Jung-gu, Seoul, displays the index as KOSPI opened down 179.64 points (3.17%) at 5,488.41, Monday. / MoneyToday photo by Lee Young-hwan
An electronic board at Hana Bank's dealing room in Jung-gu, Seoul, displays the index as KOSPI opened down 179.64 points (3.17%) at 5,488.41, Monday. / MoneyToday photo by Lee Young-hwan

KOSPI reversed into positive territory as institutional investors, including pension funds, began buying shares of top market capitalization stocks at low prices.

As of 10:40 a.m. on the 19th, KOSPI stood at 5,698.63, up 30.58 points (0.54%) from the previous trading day. Although KOSPI opened down 179.64 points (3.17%) at 5,488.41 on this day, it narrowed its decline and turned positive as low-price buying by foreign investors and institutional investors flowed in.

According to Korea Exchange (KRX) data, institutional investors are net buyers of 381.9 billion won, with pension funds accounting for 184.6 billion won of that amount. Retail investors are net sellers of 521.2 billion won, and foreign investors are net sellers of 10.3 billion won. Based on Daishin Securities' HTS (Home Trading System) data as of 10 a.m. on this day, institutional investors are net buyers of top market capitalization stocks, including Samsung Electronics at 107.4 billion won, SK Hynix at 106.4 billion won, and Samsung SDI at 76.9 billion won.

By sector, metals are up in the 2nd% range, while pharmaceuticals, chemicals, electricity and gas, IT services, and entertainment and culture are up in the 1st% range. Medical and precision equipment is down in the 4th% range. The remaining sectors are hovering near flat.

Among top market capitalization stocks, Samsung SDI is up in the 8th% range, LG Energy Solution is up in the 5th% range, Samsung Biologics is up in the 4th% range, Kia and Hyundai Motor are up in the 2nd% range, and Samsung Electronics is up in the 1st% range. SK Hynix and SK Square are down in the 1st% range, Samsung C&T is down in the 2nd% range, and Samsung Electro-Mechanics is down in the 3rd% range.

At the same time, KOSDAQ stood at 796.38, up 1.60 points (0.20%) from the previous trading day. KOSDAQ also opened lower on this day, down 21.72 points (2.73%) at 773.06, but gradually narrowed its decline due to buying by institutional investors.

In the KOSDAQ market, retail investors are net buyers of 1.7 billion won, and institutional investors are net buyers of 25 billion won, while foreign investors are net sellers of 32.2 billion won.

By sector, publishing and media is up in the 5th% range, financials are up in the 3rd% range, metals are up in the 2nd% range, and paper and wood products as well as transportation equipment and parts are up in the 1st% range. Machinery and equipment and distribution are down in the 1st% range, while non-metals are down in the 2nd% range.

Among top market capitalization stocks, Ecopro is up in the 5th% range, Ecopro BM is up in the 4th% range, and Rainbow Robotics is up in the 2nd% range. Alteogen is down in the 1st% range, PSK Holdings, Simmtech, and Wonik IPS are down in the 2nd% range, Rino Industrial, Jusung Engineering, and HPSP are down in the 3rd% range, while PSK and Iotech are down in the 4th% range.

"This article was translated using AI and may differ slightly from the original."