KOSPI Closes Higher on Net Buying by Foreigners and Individuals

[Asia Economy Reporter Minji Lee] The KOSPI closed higher due to net buying by foreigners and individuals.

On the 13th, the KOSPI ended the session at 3,148.29, up 0.71% (22.34 points) from the previous trading day. Although the index showed a decline of over 0.5% during the session, it turned upward again as foreign investors reduced their sell-off in the spot market. Looking at investor trends, foreigners and individuals bought stocks worth 193.5 billion KRW and 171 billion KRW respectively on the day. Institutions were the sole sellers, offloading stocks worth 374.4 billion KRW.

[Image source=Yonhap News]

Among the top market capitalization stocks, Samsung Electronics closed at 89,700 KRW, down 0.99% from the previous day. Hyundai Motor (-0.77%), Celltrion (-0.65%), and Kakao (-0.66%) also declined. SK Hynix (3.10%), LG Chem (3.95%), Samsung Biologics (1.47%), Samsung SDI (1.21%), and NAVER (3.29%) showed upward trends.

The KOSDAQ index closed at 979.13, up 0.56% (5.41 points) from the previous day at the same time. The index started the day at 974.14, up 0.42% (0.04 points) from the previous day, and increased its gains in the afternoon as foreign buying surged. Regarding investor trends, foreigners and individuals bought stocks worth 25 billion KRW and 44.1 billion KRW respectively. Institutions were the sole sellers, offloading stocks worth 58.3 billion KRW.

Among the top market capitalization stocks, Celltrion Pharm rose 2.54%, while Celltrion Healthcare fell 1.28%. Additionally, Seegene (1.50%), EcoPro BM (0.27%), and Pearl Abyss (0.04%) rose, whereas CJ ENM (-0.36%) and Alteogen (-0.85%) declined.

Researcher Kyungmin Lee of Daishin Securities explained, “Financial investors switched to net buying after four trading days, and the dollar’s weakness reduced the scale of foreigners’ net selling, leading to a turnaround in the afternoon. The strength in the automobile, secondary battery, and renewable energy industries remained valid, while sectors sensitive to inflation expectations such as chemicals and finance, as well as stocks related to Chinese consumption, showed strength.”

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