Korean stock market for trading today (26/11) closed flat. Movement of the stock of the day is likely to have limited movement. The lack of sentiment and a growing wave of profit-taking makes the stock moving slowly.
Investors apparently still want to keep the stock levels above 1900 basis points after last week had increased after falling to as low as 1800 points.
Kospi index closed flat at 1908.51 basis points position. While the index futures experienced flat at 251.4 basis points position with the support level of 247.44 points and 254.22 points at level resistant.
Division of Research in Vibiz Vibiz Consulting predicts that the Korean market will still likely rise in the short term, though not too significant. Rising stock movement will be supported by the expectation of rising global stock markets towards the end of the year.
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