Individual Sweeps 1 Trillion Won Worth... KOSPI Closes at 2745.44

Institutions and Foreigners Sell Stocks Worth 1 Trillion Won... Individuals Buy Them Up

[Asia Economy Reporter Minji Lee] Individuals drove the index higher by purchasing stocks worth 1 trillion KRW in the KOSPI market.

On the 7th, dealers are working in the dealing room of Hana Bank in Euljiro, Seoul, where the KOSPI index started on an upward trend. On that day, the KOSPI opened at 2,738.11, up 6.66 points (0.24%) from the previous trading day. Photo by Moon Honam munonam@

On the 7th, the KOSPI closed at 2,745.44, up 0.51% (13.99 points) from the previous trading day. Although the KOSPI initially turned downward due to increased selling pressure from foreigners and institutions, it ended higher as individuals' net buying volume grew.

On that day, individuals bought stocks worth 1,003.362 billion KRW in the KOSPI market. Institutions and foreigners sold stocks worth 923.9 billion KRW and 89.3 billion KRW, respectively. Individuals absorbed all the stocks sold by institutions and foreigners.

Among the top market capitalization stocks in KOSPI, Samsung Electronics recorded 72,900 KRW, up 1.96% from the previous day, and SK Hynix closed at 118,000 KRW, up 2.61%. Meanwhile, Hyundai Motor (-1.53%), Samsung SDI (-0.91%), and Kakao (-1.16%) declined.

On the same day, the KOSDAQ index closed at 926.88, up 1.44% (13.12 points) from the previous session. In the KOSDAQ market, foreigners switched to net buying near the end of trading, leading the upward trend. Individuals, who had driven the index rise from the start of the session, turned to net selling at the end. Individuals and institutions sold stocks worth 70.2 billion KRW and 2.2 billion KRW, respectively, while foreigners bought stocks worth 98 billion KRW.

Among the top market capitalization stocks in KOSDAQ, Celltrion Healthcare recorded 171,800 KRW, up 14.76% from the previous trading day. Seegene (3.82%), Alteogen (4%), Genexine (1.06%), and Pearl Abyss (4.74%) also rose.

Lee Kyung-min, a researcher at Daishin Securities, explained, “Although the semiconductor sector's strength supported the market's downside today, concerns from the rapid rise in November and the elevation of social distancing measures to level 2.5 in the metropolitan area acted as negative factors. While positive news related to COVID-19 vaccines had continued, there is now a high likelihood of sensitive reactions to supply issues and side effect concerns related to vaccinations.”

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