KOSPI Closes Up at 1940.42 on Buying by Individuals and Institutions

[Asia Economy Reporter Minji Lee] The KOSPI closed higher due to buying by individuals and institutions. Although it continued to decline in the early session following the drop in the US stock market, it turned to an upward trend in the afternoon as institutions increased their buying volume.

[Image source=Yonhap News]

According to the Korea Exchange on the 13th, the KOSPI closed at 1,940.42, up 0.95% (18.25 points) from the previous session. The KOSPI started the day at 1,897.50, down 1.28% (24.67 points) from the previous session, but turned to an upward trend in the afternoon.

On the day, in the securities market, individuals and institutions net bought stocks worth 215.4 billion KRW and 90.4 billion KRW respectively, while foreigners alone sold stocks worth 318.4 billion KRW.

By sector, pharmaceuticals (2.24%), electric and gas utilities (2.22%), non-metallic minerals (1.93%), and textiles and apparel (1.62%) showed high rates of increase.

Among the top market capitalization stocks, Samsung Electronics closed at 48,550 KRW, up 1.36% from the previous session. Samsung Biologics (4.05%), Celltrion (1.90%), LG Chem (4.14%), Samsung SDI (8.98%), and Hyundai Motor (1.31%) also rose.

Lee Kyung-min, a researcher at Daishin Securities, analyzed, “Although the KOSPI fell below the 1,900 level during the session due to renewed concerns over the US-China trade dispute and news of a decrease in employment in April, it closed higher thanks to the pension funds’ switch to net buying and the rebound in the Chinese stock market.”

The KOSDAQ index closed at 691.53, up 1.07% (7.32 points) from the previous session. In the market, individuals bought stocks worth 46.7 billion KRW, while foreigners and institutions sold stocks worth 20 billion KRW and 5.3 billion KRW respectively.

By sector, paper and wood (7.9%), general electric and electronics (3.30%), distribution (2.14%), and food and tobacco (1.80%) showed significant gains.

Celltrion Healthcare, the market capitalization leader in the KOSDAQ market, traded at 92,800 KRW, up 3.34% from the previous session. Celltrion Pharm, which was surprisingly included in the MSCI index, closed at 85,000 KRW, up 10.10% from the previous session. In addition, Alteogen (5.56%), CJ ENM (1.60%), and Studio Dragon (0.39%) also rose.

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