KOSPI Rises Over 1% for Third Consecutive Day on Foreign Investors' 'Buying'

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The KOSPI closed up for the third consecutive trading day, rising more than 1% driven by net buying from foreign investors. The KOSDAQ index also ended the day nearly 1% higher.

On the 13th, the KOSPI started lower but quickly turned upward, gradually increasing its gains to close at 2,229.26, up 22.87 points (1.04%) from the previous day.

Looking at trading trends by participant, foreign investors led the index's rise with net purchases of 257.9 billion KRW. In contrast, institutions and individual investors sold net amounts of 214.6 billion KRW and 49.2 billion KRW, respectively.

By sector, chemicals (2.05%), retail (1.81%), construction (1.64%), and food and beverages (1.63%) rose, while precision medical equipment (-0.35%) declined.

Most of the top market capitalization stocks increased. LG Household & Health Care showed strong gains (4.54%), followed by LG Chem (2.31%), Samsung C&T (1.87%), and SK Hynix (1.62%). Meanwhile, Hyundai Mobis (-1.02%) and KB Financial Group (-0.21%) saw slight declines.

Samsung Electronics surpassed the 60,000 KRW mark for the first time since its stock split. Closing at 60,000 KRW, up 0.84% (500 KRW) from the previous day, Samsung Electronics exceeded 60,000 KRW per share for the first time since the stock split on May 4, 2018, marking an all-time high on an adjusted price basis.

In the KOSPI market, 595 stocks rose, including one that hit the daily upper limit, while 248 stocks fell with no stocks hitting the daily lower limit. Sixty-five stocks remained unchanged.

The KOSDAQ index also rose nearly 1%, continuing its upward trend for three consecutive days, though it failed to recover the 680 level. Starting higher, the KOSDAQ steadily increased during the session and closed at 679.22, up 6.19 points (0.92%) from the previous day.

By trading participant, individual investors were net buyers with 115.7 billion KRW, while institutions and foreign investors were net sellers with 68.0 billion KRW and 26.2 billion KRW, respectively.

By sector, broadcasting services (4.48%), entertainment and culture (4.35%), and telecommunications broadcasting services (3.37%) rose, while machinery and equipment (-0.67%), semiconductors (-0.52%), and telecommunications services (-0.35%) declined.

Among the top market capitalization stocks, Medytox surged nearly 10% (8.27%), followed by CJ ENM (5.68%), Hugel (5.01%), Pearl Abyss (3.66%), and Studio Dragon (3.08%). Conversely, Solbrain (-2.04%), Mezzion (-1.95%), and Helixmith (-1.75%) declined.

In the KOSDAQ market, 871 stocks rose with no stocks hitting the daily upper limit, 376 stocks fell with no stocks hitting the daily lower limit, and 98 stocks remained unchanged.

This content was produced with the assistance of AI translation services.