KOSPI Surges 2.2% to Close on Foreigners' Net Buying... KOSDAQ Recovers to 640 Level

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The KOSPI closed higher for the third consecutive day, buoyed by net buying from foreign investors. It rose more than 2%, pushing the index to the upper 2050 range. The KOSDAQ index also climbed over 2%, recovering to the 640 level.

On the 4th, the KOSPI closed at 2059.33, up 45.18 points (2.24%) from the previous day. Although the KOSPI started the day lower, it soon turned upward and steadily increased its gains. In the afternoon, it maintained a rise of over 2%, but slightly dipped near the close, failing to reclaim the 2060 level.

Looking at trading trends by participant, foreign investors, who had net sold more than 4.5 trillion won over the past seven trading days, led the index's rise by returning to net buying after eight trading days. Foreigners net bought 153 billion won on the day. Conversely, institutional and individual investors net sold 169.4 billion won and 4 billion won, respectively.

By sector, telecommunications (4.21%), transportation and warehousing (4.10%), services (3.17%), and food and beverages (3.10%) rose, while insurance (-0.74%) declined.

Most of the top market capitalization stocks rose. SK Telecom surged over 5% (6.04%), and Samsung Electronics (3.61%), LG Household & Health Care (3.00%), Samsung C&T (2.35%), Samsung SDI (2.27%), and KB Financial Group (2.23%) also increased.

On the KOSPI market that day, 735 stocks rose, including three that hit the upper price limit, while 135 stocks fell with no stocks hitting the lower price limit. Thirty-eight stocks remained unchanged.

The KOSDAQ index also rose more than 2%, recovering to the 640 level. Like the KOSPI, the KOSDAQ started lower but quickly turned upward after the opening and expanded its gains rapidly. It maintained a rise around 2% in the afternoon session and closed at 641.73, up 14.19 points (2.38%) from the previous day.

By trading participant, foreign and institutional investors net bought 98.9 billion won and 42.1 billion won, respectively, driving the index higher. Meanwhile, individual investors net sold 134.6 billion won.

By sector, IT composite (3.01%), entertainment and culture (2.74%), and telecommunications and broadcasting services (1.86%) rose, while transportation equipment and parts (-0.24%) declined.

Among the top market capitalization stocks, Medytox showed strong gains, rising over 10% (14.51%), while Paradise (4.83%), KMV (3.58%), and Wonik IPS (3.36%) also increased. Conversely, HLB (-4.05%), Hugel (-1.76%), and Genexine (-0.16%) declined.

On the KOSDAQ market that day, 1,161 stocks rose, including four that hit the upper price limit, while 132 stocks fell with no stocks hitting the lower price limit. Fifty stocks remained unchanged.

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