KOSPI Closes Above 1930 on Net Buying by Individuals and Institutions
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[Asia Economy Reporter Park Jihwan] The KOSPI closed higher at the 1930 level on the 18th, supported by net buying from individuals and institutions.
On this day, the KOSPI closed at 1937.11, up 9.83 points (0.51%) from the previous trading day. The KOSPI opened at 1934.51, up 7.23 points (0.38%) from the previous session. Although it fluctuated in the early session due to concerns over escalating tensions between the U.S. and China, it eventually turned upward. This is interpreted as reflecting expectations for economic normalization as major countries overcome the impact of the novel coronavirus infection (COVID-19).
By investor type, individuals and institutions net bought 29.8 billion KRW and 34.6 billion KRW, respectively. Foreigners sold 86.3 billion KRW worth of shares.
By sector, electrical and electronics (1.59%), non-metallic minerals (1.98%), and securities (1.48%) rose. On the other hand, paper and wood (-3.98%) and electric and gas utilities (-1.54%) showed a downward trend.
Among the top market capitalization stocks, Samsung Electronics (1.99%), Naver (0.94%), and LG Chem (2.16%) rose. Conversely, SK Hynix (-0.98%), Samsung Biologics (-1.32%), and Celltrion (-2.07%) closed lower.
The KOSDAQ ended the session at 690.85, down 1.08 points (0.16%) from the previous trading day. The index opened higher at 695.17, up 3.24 points (0.47%) from the previous session. On this day, the KOSDAQ continued its weakness due to simultaneous selling by institutions and foreigners.
By investor type, individuals net bought 106.2 billion KRW. In contrast, institutions and foreigners net sold 88.3 billion KRW and 11.2 billion KRW, respectively.
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Among the top market capitalization stocks, most failed to avoid a downward trend. Celltrion Healthcare (-4.62%), HL Biopharma (-0.51%), Seegene (-1.86%), Celltrion Pharm (3.87), and Pearl Abyss (-1.31%) declined. CJ ENM (0.96%), KMH (0.17%), and EcoPro BM (8.64%) rose.
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