The KOSPI Supported by Institutions... Closes with a Shift to an Uptrend

Institutions Net Buy 429.2 Billion KRW in KOSPI Market
KOSDAQ Also Turns Up... Closes Up 0.82% at 869.69

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[Asia Economy Reporter Minwoo Lee] The KOSPI index, which started lower, closed up nearly 1%. It appears that institutional buying drove the index.

On the 7th, the KOSPI index closed at 2386.94, up 0.89% (21.04 points) from the previous day. It opened at 2350.82, down 0.64% from the previous day, but showed a recovery trend from early in the session.

By investor type, institutional buying was prominent. Institutions net purchased a total of 429.2 billion KRW, supporting the index's rise. In contrast, foreigners and individuals net sold 94 billion KRW and 346.5 billion KRW, respectively.

Almost all sectors rose. The paper and wood sector had the largest increase at 2.19%. This was followed by electric and gas utilities (1.79%), electrical and electronics (1.35%), chemicals (1.26%), insurance (1.19%), manufacturing (1.06%), transportation and warehousing (1.06%), and pharmaceuticals (1.03%). Meanwhile, food and beverages and securities fell by 0.82% and 0.11%, respectively.

Among the top 10 market capitalization stocks, all closed higher except Kakao, which fell slightly by 0.2%, and NAVER, which remained flat. Samsung Electronics had the largest gain at 1.5%, followed by Samsung Biologics (1.2%), Celltrion (0.9%), LG Household & Health Care (0.8%), LG Chem (0.8%), and Samsung SDI (0.6%).

The KOSDAQ showed a similar trend. It opened at 856.70, down 0.68% (5.78 points) from the previous day, but soon turned upward and closed at 869.69, up 0.82% (7.11 points) from the previous session.

Foreigners and institutions net purchased 35.6 billion KRW and 7.1 billion KRW, respectively, while individuals net sold 30 billion KRW.

Most sectors closed higher. The financial sector had the largest increase at 1.97%, followed by chemicals (1.56%), textiles and apparel (1.46%), IT components (1.42%), transportation (1.30%), software (1.26%), and metals (1.20%). Non-metallics (-0.26%), computer services (-0.25%), other manufacturing (-0.10%), and paper and wood (-0.03%) declined.

The top market cap stocks showed mixed results. Seegene (1.8%), CJ ENM (1.5%), and KMH (0.5%) rose, while Alteogen (-1.5%), EcoPro BM (-0.9%), Genexine (-0.5%), HLB (-0.5%), and Celltrion Pharm (-0.4%) fell.

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