KOSPI Turns Upward... Strong Buying by Institutions

KOSDAQ Also Positive... Increased Buying by Individuals and Foreigners

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[Asia Economy Reporter Minwoo Lee] The KOSPI, which started off declining, has turned to an upward trend. It appears that strong buying by institutional investors drove the index.

As of 1:43 PM on the 7th, the KOSPI index recorded 2380.44, up 0.57% (14.54 points) from the previous day. After opening at 2350.82, down 0.64% from the previous day, it shifted to an upward trend.

Institutional buying seems to have led the index's rise. Institutions net purchased 150.6 billion KRW, while foreigners and individuals net sold 125.4 billion KRW and 29.3 billion KRW, respectively.

Most sectors showed gains. The electric and gas sector had the largest increase at 1.66%. This was followed by paper and wood (1.47%), electrical and electronics (1.04%), and chemicals (0.97%). However, food and beverages (-0.39%), securities (-0.24%), and services (-0.07%) declined.

Among the top 10 market capitalization stocks, most also turned positive. Samsung Electronics led with a 1.1% increase, followed by Samsung Biologics (0.9%), LG Household & Health Care (0.7%), and SK Hynix (0.7%). NAVER fell by 0.3%. Hyundai Motor and Kakao remained flat.

The KOSDAQ index also showed an upward trend. At the same time, it recorded 866.03, up 0.40% (3.45 points) from the previous day. After opening at 856.70, down 0.68% (5.78 points) from the previous close, it rebounded.

In the KOSDAQ market, buying by individuals and foreigners was strong. Individuals net purchased 38 billion KRW, and foreigners net purchased 0.9 billion KRW. Conversely, institutions net sold 27.5 billion KRW.

Almost all sectors showed gains. The transportation sector had the largest increase at 2.32%, followed by chemicals (1.28%), software (1.06%), pharmaceuticals (0.95%), and information devices (0.93%). Other manufacturing (-0.43%), paper and wood (-0.38%), and digital content (-0.35%) declined.

About half of the top market capitalization stocks turned positive. Seegene led with a 2.0% increase, followed by CJ ENM (0.9%), Kakao Games (0.3%), KMW (0.2%), and Celltrion Healthcare (0.1%). Meanwhile, Genexine (-1.2%), Alteogen (-1.0%), EcoPro BM (-0.6%), and HLB (-0.5%) declined.

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