KOSPI Closes Up at 1989.64 on Institutional and Foreign Buying Pressure

Foreigners' Net Purchase of 443.9 Billion KRW for 2 Consecutive Trading Days

[Asia Economy Reporter Minji Lee] The KOSPI closed higher due to buying pressure from foreigners and institutions. Despite weakness in the U.S. stock market, the strong performance of untact-related companies was a key factor.

On the 20th, the KOSPI ended the session at 1989.64, up 0.46% (9.03 points). The index opened at 1972.12, down 0.43% (8.49 points) from the previous trading day, but closed higher as institutions and foreigners increased their buying.

In the market, foreigners and institutions bought stocks worth 78.1 billion KRW and 95.5 billion KRW respectively, while individual investors sold stocks worth 178 billion KRW. Foreigners increased their buying in the domestic stock market for the second consecutive trading day, net purchasing 443.9 billion KRW during this period.

By sector, the highest gains were seen in Medical Precision (4.45%), Services (2.50%), Textiles & Apparel (1.77%), and Machinery (1.34%).

Among the top market capitalization stocks, Samsung Electronics closed at 50,000 KRW, down 0.60% from the previous session. Conversely, SK Hynix (1.69%), Naver (3.98%), Celltrion (2.58%), LG Chem (1.54%), and Samsung SDI (4.25%) rose.

The KOSDAQ index also closed higher at 706.76, up 1.78% (12.40 points) from the previous session. In the market, foreigners and institutions bought stocks worth 61.1 billion KRW and 49.3 billion KRW respectively, while individuals sold stocks worth 97.7 billion KRW.

By sector, the highest gains were in Semiconductors (3.82%), IT Hardware (3.21%), and Non-metallics (2.69%).

Celltrion Healthcare, the market cap leader in the KOSDAQ market, closed at 91,500 KRW, up 0.55% from the previous session. HL Biopharma (0.80%), Celltrion Pharm (0.84%), CJ ENM (2.45%), and KMH (1.20%) also rose.

Seosangyoung, a researcher at Kiwoom Securities, said, “Despite weakness in the U.S. stock market, untact-related companies recorded gains,” adding, “In the case of KOSDAQ, the rise was larger due to strength in the untact and bio sectors.”

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