KOSPI Gains Over 2% on Net Buying by Foreigners and Institutions... Surpasses 3050 Level

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 7th, the KOSPI continued its strong performance into the afternoon session. Supported by large net purchases from foreigners and institutions, it surpassed the 3000-point mark during the morning session and broke through the 3050-point level in the afternoon.

At 1:29 PM on the same day, the KOSPI stood at 3049.44, up 81.23 points (2.74%) from the previous trading day. The index opened at 2990.08, up 12.54 points (0.74%) from the previous day. Early in the session, it rose to 3028.68, surpassing the previous intraday high of 3027.16. The upward momentum continued into the afternoon, breaking through the 3050-point level.

Foreigners and institutions are leading the market on the KOSPI. Foreigners and institutions recorded net purchases of 110.8 billion KRW and 1.0462 trillion KRW respectively, driving the index higher. Meanwhile, individuals, who had been buying continuously since the new year, turned to net selling with 1.1786 trillion KRW.

Among the top 10 companies by market capitalization, all stocks except Naver rose. LG Chem (8.54%), SK Hynix (4.58%), Samsung SDI (3.97%), Hyundai Motor (2.22%), and Samsung Electronics (1.95%) showed strong gains in that order.

At the same time, the KOSDAQ index traded at 989.28, up 7.89 points (0.80%) from the previous day. Individuals were net buyers with 137.5 billion KRW, while foreigners and institutions were net sellers with 12.3 billion KRW and 99.8 billion KRW respectively.

Among the top 10 companies by market capitalization, all stocks rose except for HL Biopharma (-2.16%). Notably, Seegene (3.39%) and Celltrion Healthcare (2.86%) showed significant gains.

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