KOSPI Hits Another Record High... Closes at 2617.76

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] The KOSPI index hit a new all-time high for the second consecutive day.

On the 24th, the KOSPI closed at 2,617.76, up 15.17 points (0.58%) from the previous trading day. This marks a record of consecutive all-time highs for two trading days based on closing prices. At one point during the day, the KOSPI rose to 2,628.52, surpassing the intraday all-time high of 2,607.10 recorded on January 29, 2018, for the first time in about 2 years and 10 months.

The KOSPI also closed at 2,602.59 the previous day, setting a new closing price record for the first time in about 2 years and 10 months. The previous record was 2,598.19 on January 29, 2019.

By trading participants, foreign investors led the index rise with net purchases of 726.3 billion KRW. Foreign investors showed a buying dominance for 14 consecutive trading days. On the other hand, institutions and individuals net sold 694 billion KRW and 22.8 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics (0.30%), LG Chem (6.82%), and Hyundai Motor (1.12%) rose. Conversely, SK Hynix (-1.40%) and Samsung Biologics (-0.25%) declined.

The KOSDAQ closed at 872.10, down 1.19 points (-0.14%) from the previous trading day. The KOSDAQ opened at 876.65, up 3.36 points (0.38%) from the previous day, and fluctuated thereafter.

In the KOSDAQ, institutions and individuals net sold 86.3 billion KRW and 54.8 billion KRW, respectively. Foreign investors net bought 184.9 billion KRW.

Among the top market cap stocks, Celltrion Healthcare (-0.10%) and HL Biopharma (-2.37%) declined. Meanwhile, Celltrion Pharm (1.18%) and Kakao Games (0.10%) rose.

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