Individual Investors Net Buy 2.5 Trillion KRW in Domestic Stock Market... KOSPI and KOSDAQ Close Higher

'Record High' KOSDAQ Closes Up Over 3%
Individuals Net Buy 2.2 Trillion KRW in KOSPI...Late Session Gains Reversal

[Asia Economy Reporter Minji Lee] Both the KOSDAQ index and KOSPI closed higher. The KOSDAQ index recorded a rise of over 3%, hitting this year's highest point. The KOSPI index was driven up as individual investors absorbed 2 trillion won worth of shares sold by institutions and foreigners.

On the 29th, when the KOSPI started weak, employees were working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. On that day, the KOSPI index opened at 2,810.55, up 1.95 points (0.07%) from the previous day, and the KOSDAQ index opened at 928.58, up 1.58 points (0.17%) from the previous day. Photo by Kim Hyun-min kimhyun81@

On the 29th, the KOSDAQ index closed at 957.41, up 3.28% (30.41 points) from the previous trading day. The index opened at 928.58, up 0.17% (1.58 points) from the previous day, and during the session surpassed the previous high of 954.34 recorded on the 21st, reaching a new yearly high of 957.48.

The rise in the index was driven by individuals and foreigners. On that day, individuals and foreigners bought stocks worth 261.2 billion won and 76.3 billion won respectively in the KOSDAQ market. Institutions alone sold stocks worth 289.8 billion won.

Among the top market capitalization stocks, Samsung Electronics closed at 78,300 won, down 0.51% from the previous day. SK Hynix (0.43%), Samsung Biologics (4.18%), Celltrion (10.08%), Naver (0.71%), and Samsung SDI (7.51%) also rose.

The KOSPI, which faced an ex-dividend day, maintained a downward trend throughout the session but turned upward near the close, finishing with a gain of over 0.4%. The KOSPI closed at 2,820.51, up 0.42% (11.91 points) from the previous day, with individual investors driving the index higher.

On that day, individuals net purchased stocks worth 2.198 trillion won in the market, seemingly absorbing the supply of 1.9723 trillion won and 313.7 billion won released by institutions and foreigners respectively.

Among the top market capitalization stocks, Celltrion Healthcare rose 6.67% compared to the previous session, while Seegene (12.73%), Alteogen (16.58%), HLB (4.70%), and EcoPro BM (2.05%) also showed upward trends.

Kim Yong-gu, a researcher at Samsung Securities, said, “The increase in institutional selling volume is interpreted as the liquidation of dividend arbitrage trades by financial investors released on the ex-dividend day.” He added, “Financial investors have purchased 4 trillion won worth of KOSPI 200 spot stocks this month, but given the current situation, futures buying and spot selling positions are more advantageous, so the release of selling pressure is likely to continue.”

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