KOSPI Recovers to 2220 Level, Rising Nearly 3% on Institutional Net Buying... KOSDAQ Rises for 4 Consecutive Days

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The KOSPI surged nearly 3% on net buying by institutional investors, quickly reclaiming the 2220 level. The KOSDAQ index also rose for the fourth consecutive trading day, recovering to the 670 level.

Starting higher on the 6th, the KOSPI steadily expanded its intraday gains with institutional investors net buying over 500 billion KRW, closing at 2227.94, up 62.31 points (2.88%) from the previous day.

Looking at trading trends by participant, institutional investors led the index rise with net purchases of 515.7 billion KRW. Foreign investors also supported the market with net buying of 158.5 billion KRW. In contrast, individual investors net sold 688.8 billion KRW.

By sector, transportation equipment (5.41%), steel and metals (5.07%), pharmaceuticals (4.87%), and construction (3.99%) rose.

Most of the top market capitalization stocks increased. Hyundai Motor (6.45%) and Samsung Biologics (5.92%) surged over 5%, while Celltrion (4.86%), Samsung C&T (4.52%), POSCO (4.43%), and LG Household & Health Care (3.99%) also rose.

On the day, 736 stocks rose in the KOSPI market, including three hitting the upper price limit, while 130 stocks fell with no stocks hitting the lower price limit. Forty-three stocks remained unchanged.

The KOSDAQ index also rose nearly 2%. Starting higher again, the KOSDAQ maintained intraday gains above 1%, closing at 672.69, up 11.37 points (1.72%) from the previous trading day.

By participant, foreign investors net bought 64.5 billion KRW, while institutional and individual investors net sold 41 billion KRW and 13 billion KRW, respectively.

By sector, transportation equipment and parts (4.41%), distribution (3.83%), and other manufacturing (3.19%) rose, while textiles and apparel (-1.33%) and internet (-1.31%) declined.

Most of the top market capitalization stocks in KOSDAQ also rose. HL Biopharma (6.74%), Celltrion Healthcare (5.37%), SFA (4.40%), and Pearl Abyss (3.47%) increased. Meanwhile, Studio Dragon (-0.35%) and Helixmith (-0.24%) declined.

On the day, 998 stocks rose in the KOSDAQ market, including two hitting the upper price limit, while 263 stocks fell with no stocks hitting the lower price limit. Eighty-seven stocks remained unchanged.

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