KOSPI and KOSDAQ Close Up About 2%... Biggest Gain Since June

Foreigners and Institutions Strong Buyers... Institutions Record Largest Daily Net Purchase Since August 18

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[Asia Economy Reporter Minwoo Lee] Both the KOSPI and KOSDAQ closed up nearly 2%, marking a rare bullish day in the domestic stock market. The buying momentum from foreigners and institutions appears to have driven the rise in both major indices.

On the 3rd, the KOSPI closed at 2342.31, up 1.88% (43.15 points) from the previous session. This is the largest gain since June 16 based on the closing price. After opening at 2315.81, up 0.68% from the previous day, it maintained a steady upward trend and settled in the 2340 range.

Foreigners and institutions showed strong buying activity, with net purchases of 204.3 billion KRW and 455.1 billion KRW respectively. For institutions, this was the largest single-day net buying volume since August 18. Conversely, individuals sold off 655.8 billion KRW, marking the largest net selling since July 28 when they sold 1.0495 trillion KRW.

All sectors closed higher. The pharmaceutical sector posted the largest gain at 3.72%. This was followed by chemicals (3.04%), electrical and electronics (2.45%), medical precision (@.33%), manufacturing (2.33%), and machinery (2.14%), among others, with many sectors rising over 2%.

Most of the top 10 market capitalization stocks also rose. Celltrion led with a 5.9% increase, followed by LG Chem (5.3%), Samsung SDI (4.6%), Samsung Electronics (2.4%), and SK Hynix (2.2%). LG Household & Health Care and NAVER fell by 0.9% and 0.8%, respectively. Hyundai Motor remained flat.

The KOSDAQ also closed up 1.93% (15.51 points) at 818.46. After opening at 810.01, up 0.88% from the previous day, it continued to gain momentum. At 12:01 PM, it even rose to 821.28, up 2.28% from the previous close.

Again, foreigners and institutions were prominent buyers, purchasing 69.6 billion KRW and 71.1 billion KRW respectively. Meanwhile, individuals net sold 133.4 billion KRW.

Almost all sectors rose. The telecommunications equipment sector led with a 4.55% gain, followed by general electrical and electronics (3.03%), distribution (2.92%), IT hardware (2.62%), chemicals (2.39%), semiconductors (2.34%), IT components (2.28%), and paper & wood (2.25%).

All of the top 10 market capitalization stocks closed higher. EcoPro BM stood out with a 6.0% increase, followed by Celltrion Healthcare (4.3%), Alteogen (3.0%), Kakao Games (2.6%), Genexine (1.8%), Seegene (1.7%), HLB (1.4%), and Pearl Abyss (1.2%).

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