Individuals Swept Up '4.48 Trillion Won' on KOSPI... Supporting the 3100 Level
On the 11th, when the KOSPI index surpassed the 3,200 mark intraday for the first time in history, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@
View original image[Asia Economy Reporter Kum Boryeong] Individual investors swept up nearly 4.5 trillion won worth of stocks in the KOSPI market on the 11th, supporting the KOSPI 3100 level despite net selling by institutions and foreign investors.
On the 11th, the KOSPI closed at 3148.45, down 0.12% (3.73 points) from the previous trading day. Although it failed to reach an all-time high at the close, the KOSPI soared to 3266.23 intraday, showing the '3200 era.'
The KOSPI opened at 3161.90, up 0.31% (9.72 points) from the previous day, and showed strength by surpassing the 3200 level. However, it reversed to a decline due to strong net selling by institutions and foreign investors, breaking below the 3100 level and falling to as low as 3096.19.
The large-cap stocks such as Samsung Electronics and Hyundai Motor led the KOSPI above the 3200 level intraday. Samsung Electronics, which closed at 88,800 won the previous day, rose to 96,800 won intraday, and Hyundai Motor also increased from 246,000 won to 289,000 won.
In the KOSPI market, individuals bought stocks worth 4.48 trillion won, marking the largest daily net purchase. In contrast, institutions and foreign investors net sold 3.7383 trillion won and 719.2 billion won, respectively. Individuals absorbed the volume sold by institutions and foreign investors.
The KOSDAQ index closed at 976.63, down 1.13% (11.16 points) from the previous trading day.
The KOSDAQ opened at 988.38, up 0.06% (0.59 points) from the previous day, and fluctuated between gains and losses throughout the day.
In the KOSDAQ market, individuals and foreign investors net bought 88.1 billion won and 33.6 billion won, respectively, while institutions net sold 96.3 billion won.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- The Unexpected Story of an American Man Who Won the Lottery 18 Times in 29 Years: "My Real Luck Is My Wife"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Among the top 10 companies by market capitalization, Celltrion Healthcare (6.2%), Celltrion Pharm (0.68%), SK Materials (1.71%), and CJ ENM (2.37%) rose, while HLB (3.78%), Seegene (3.7%), and Alteogen (2.74%) declined.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.