Ants Still Holding On... KOSPI Closes at 1717, Up 1.87% from Previous Day

Foreigners Continued Net Selling for 17 Consecutive Trading Days but Closed in the 1700s

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI rebounded after two days and closed in the 1700 range. Despite foreigners continuing their selling streak for 17 consecutive trading days, individual investors' net buying helped sustain the market.

On the 27th, the KOSPI closed at 1717.73, up 1.87% (31.49 points) from the previous day. It started strong at 1756.07, more than 4% higher than the previous day, raising expectations, but turned downward in the afternoon. Around 2:19 PM, it dropped to 1668.21 but rebounded near the close to finish in the 1700s.

In the securities market, foreigners were net sellers of 376.5 billion KRW. This marked the 17th consecutive trading day of net selling since the 5th. Meanwhile, individuals and institutions were net buyers of 173 billion KRW and 130.2 billion KRW, respectively.

All sectors showed gains. The transportation and storage sector had the largest increase at 5.80%. This was followed by finance (3.68%), paper and wood (3.34%), steel and metals (3.08%), and services (2.67%).

Most of the top 10 market capitalization stocks also rose. NAVER saw the largest gain at 7.54%. This was followed by SK Hynix (3.22%), Samsung C&T (2.86%), Hyundai Motor (1.77%), and LG Household & Health Care (1.65%). Samsung Electronics, ranked first in market cap, rose 1.05%. Samsung SDI remained flat, while Samsung Biologics fell 2.96%.

The KOSDAQ also closed higher at 522.83, up 1.20% (6.22 points) from the previous day. It followed a similar pattern to the KOSPI, opening higher and rising to 533.29. After 1 PM, a downward trend emerged, at one point threatening the 500 level. From around 2 PM, it rebounded again and settled in the 520s by the close.

In the KOSDAQ market, individual investors' buying was prominent. On this day, individuals were net buyers of 180.8 billion KRW, surpassing foreigners and institutions who were net sellers of 109.2 billion KRW and 69.5 billion KRW, respectively.

Most sectors showed gains. Transportation (7.09%), textiles and apparel (6.38%), construction (3.59%), and digital content (2.19%) had the largest increases. Conversely, transportation equipment and parts (1.25%), information devices (0.54%), and computer services (0.13%) declined.

The top 10 market cap stocks showed mixed results. Pearl Abyss (3.83%), Celltrion Healthcare (2.88%), SK Materials (1.80%), CJ ENM (1.41%), and Seegene (1.22%) rose, while Komipharm (6.89%), Celltrion Pharm (3.26%), HL Biopharma (2.06%), and Studio Dragon (1.43%) fell. Seegene initially surged 23.49% to 141,400 KRW early in the session but began declining around 1 PM, dropping to 97,900 KRW. It later rebounded slightly to close at 115,900 KRW, up 1.22% from the previous day.

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