'KOSPI Stays in the 3080s' Foreigners and Pension Funds Net Buyers

On the 23rd, as the KOSPI index started higher buoyed by the positive momentum in the U.S. stock market, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Hwang Junho] On the 31st, the KOSPI continued its upward trend as foreigners and pension funds maintained net buying.

As of 10:38 AM on the 31st, the KOSPI was up 0.55% at 3,086.78. The market is maintaining its upward momentum with foreigners recording net purchases of 88.9 billion KRW. Individuals (68.5 billion KRW) and institutions (11 billion KRW) showed net selling intentions. Pension funds showed net buying intentions for the first time in 11 trading days.

By sector, securities and telecommunications are showing gains in the 2% range. Insurance, non-metallic minerals, finance, and services sectors are rising by about 1%.

Among all stocks, 471 stocks including Samsung Electronics are showing gains. 351 stocks are recording declines. Foreigners have been buying Samsung Electronics for three consecutive days including today. Samsung Electronics is trading at 82,500 KRW, up 0.36% from the previous closing price. Following are NAVER, up 1.59% at 382,500 KRW, and Samsung Biologics, up 1.07% at 755,000 KRW.

At the same time, the KOSDAQ is also showing an upward trend. It is trading at 959.25, up 0.12%. Individuals are showing net buying intentions of 96.5 billion KRW, while foreigners and institutions are maintaining net selling intentions of 55 billion KRW and 34.4 billion KRW, respectively.

By sector, information devices are rising by over 3%, with telecommunications services, internet, construction, and non-metallic sectors also showing gains. Among the top market cap stocks, Celltrion Healthcare, Celltrion Pharm, and Pearl Abyss are showing upward trends.

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