KOSPI Nears 2400 Level on Foreigners' Net Buying Pressure

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 3rd, the KOSPI closed near the 2400 mark, supported by net buying from foreign investors.

On that day, the KOSPI closed at 2395.90, up 31.53 points (1.33%) from the previous trading day. The market opened at 2383.26, up 18.89 points (0.80%) from the previous session, and maintained a strong trend thanks to net buying by foreign investors.

Looking at the trading trends by participant, foreign investors led the index rise with net purchases worth 192.5 billion KRW. In contrast, individual and institutional investors sold net amounts of 96.7 billion KRW and 133.9 billion KRW, respectively.

By sector, Medical Precision (4.58%) and Electric & Electronics (3.17%) rose. On the other hand, Paper & Wood (-0.77%) and Construction (-0.62%) declined.

Among the top market capitalization stocks, Samsung Electronics, SK Hynix, NAVER, LG Chem, and Samsung Biologics rose. Meanwhile, Celltrion and Kakao fell.

The KOSDAQ index also closed at 874.13, up 7.39 points (0.85%) from the previous session. The KOSDAQ index opened at 871.02, up 4.28 points (0.49%) from the previous day, and maintained a rise of around 0.5% throughout the session.

By trading participant, individual and institutional investors bought net amounts of 5.1 billion KRW and 0.3 billion KRW, respectively. Foreign investors sold net amounts worth 5.1 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare, Alteogen, and HLB rose, while Seegene, Genexine, Celltrion Pharm, and KMW declined.

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