KOSPI Recovers to 3100 Level on Individual and Foreign Buying

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the 10th, a day before the Lunar New Year holiday, the KOSPI closed by recovering the '3100 level.' It was the first time in three trading days since it closed at 3120.63 on the 5th. The index fluctuated between rises and falls during the session, consistently hovering around the 3080 level, but in the afternoon, foreign investors' buying momentum expanded, leading to a positive close.

On this day, the KOSPI closed at 3100.58, up 15.91 points (0.52%) from the previous trading day. The index opened at 3088.13, up 3.46 points (0.11%) from the previous close, and fluctuated within a narrow range. Foreign investors, who were net sellers in the early session, switched to net buyers in the afternoon, turning the trend upward.

Looking at trading trends by investor type, individuals and foreign investors both bought, driving the index higher. Individuals and foreign investors net purchased 132.3 billion KRW and 752.7 billion KRW, respectively. Conversely, institutions net sold 918.6 billion KRW.

Among the top 10 market capitalization stocks, differentiation by stock was prominent. Samsung Electronics (-1.33%), LG Chem (-1.34%), and Samsung Biologics (-0.37%) declined. On the other hand, Kia Motors, which had plunged due to news of halting cooperation with Apple, rose 1.77% after three days. Hyundai Motor also rose 3.59%. Kakao, which announced record-high earnings last year, surged 6.18%, setting a new high.

On the same day, the KOSDAQ closed at 964.31, up 6.46 points (0.67%) from the previous day. The index started at 958.45, up 0.06% (0.60 points), then fluctuated between declines and rises.

By supply and demand, individuals and foreign investors net purchased 70.7 billion KRW and 3.3 billion KRW, respectively. Meanwhile, institutions net sold 58.8 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare (-0.63%), Celltrion Pharm (-0.23%), and Pearl Abyss (-1.79%) declined. Seegene (0.74%) and Kakao Games (2.40%) rose.

Sang-young Seo, a researcher at Kiwoom Securities, explained, "The domestic stock market showed changes depending on foreign investors' supply and demand. Amid a stock-specific market, some sectors such as Kakao, which had good earnings, rebounded, as did the automobile sector affected by the Apple Car issue, and financial stocks rose due to interest rate increases."

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