KOSPI Rises Over 1% on Institutional Net Buying Pressure

[Asia Economy Reporter Minji Lee] The KOSPI is rising more than 1% due to net buying by institutions.

At 9:13 a.m. on the 31st, the KOSPI stood at 2,377.58, up 1.01% (23.78 points) from the previous session. The KOSPI opened the day at 2,377.09, up 0.99% (23.29 points) from the previous session, and is increasing its gains.

Currently, institutions have net purchased stocks worth 61.8 billion KRW in the KOSPI market. Foreigners and individuals sold stocks worth 20.4 billion KRW and 49.2 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics traded at 55,900 KRW, up 0.90% from the previous session. SK Hynix (0.26%), Naver (1.80%), LG Chem (1.32%), Celltrion (0.16%), Hyundai Motor (3.49%), and Kakao (2.84%) are also showing upward trends.

At the same time, the KOSDAQ index stood at 850.52, up 1.10% (9.22 points) from the previous session. The KOSDAQ index opened at 847.97, up 0.79% (6.67 points) from the previous session. In the KOSDAQ market, foreigners were the sole net buyers with purchases worth 30.1 billion KRW, while individuals and institutions net sold stocks worth 20.5 billion KRW and 6.1 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (0.39%), Seegene (2.31%), Alteogen (3.26%), HLB (1.24%), and Genexine (3.75%) are maintaining upward momentum.

Seonghoon Seo, a researcher at Samsung Securities, said, “Last week, the U.S. stock market closed higher due to strong economic indicators, intensifying the dollar’s decline,” adding, “This weak trend could stimulate emerging market stock rises and global economic recovery expectations, so it would be wise to increase interest in cyclical sectors concentrated among the top market capitalization stocks.”

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