KOSPI Closes Up 1.76% on Institutional Buying...Recovers to 1920 Level

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] The KOSPI index recovered to the 1920 level, closely approaching the 1930 mark, supported by net buying from institutional investors. The KOSDAQ also closed with a gain of over 2%, driven by combined buying from foreigners and institutions.

On the 6th, the KOSPI closed at 1928.76, up 33.39 points (1.76%) from the previous day.

Looking at trading trends by participant, individual and institutional investors net bought 1.1 billion KRW and 308 billion KRW respectively. Conversely, foreign investors net sold 319.3 billion KRW.

By sector, retail (2.99%) and construction (1.44%) rose, while telecommunications (-0.76%) and electric and gas utilities (-1.37%) declined.

Among the top market capitalization stocks, many showed gains. Samsung Electronics (1.44%), SK Hynix (1.73%), Samsung Biologics (3.42%), Naver (6.53%), Celltrion (1.72%), LG Chem (0.28%), LG Household & Health Care (1.40%), Samsung C&T (6.61%), Hyundai Motor (1.86%), and Samsung SDI (1.62%) all rose together.

There were no stocks hitting the upper price limit in the KOSPI market, with 695 stocks rising. Without any stocks hitting the lower price limit, 146 stocks fell. 55 stocks remained unchanged.

The KOSDAQ index also closed with a gain of over 2%, rising 16.49 points (2.57%) to 658.40 compared to the previous trading day.

By participant, individuals net sold 124.8 billion KRW. Meanwhile, foreign and institutional investors net bought 77.2 billion KRW and 66.3 billion KRW respectively.

By sector, nearly all sectors rose, including medical and precision instruments (1.61%) and construction (2.05%).

Among the top market capitalization stocks, except for Seegene (-4.84%) and CJ ENM (-0.08%), all stocks rose. Celltrion Healthcare (3.50%), HLB (2.91%), Celltrion Pharm (0.56%), and Pearl Abyss (2.76%) increased.

In the KOSDAQ market that day, including 3 stocks hitting the upper price limit, 1103 stocks rose. Including 1 stock hitting the lower price limit, 163 stocks fell. 59 stocks remained unchanged.

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