Foreigners' Net Buying Drives Both KOSPI and KOSDAQ Smoothly

Foreigners Net Buy Over 700 Billion Won
KOSPI Settles at 3080, KOSDAQ at 960

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] Both the KOSPI and KOSDAQ markets closed higher, supported by net buying from foreigners.

On the 1st, the KOSPI closed at 3,087.40, up 0.85% (25.98 points) from the previous day. After a firm start at 3,073.77, it maintained the 3,080 level without any significant decline.

On that day, foreigners net bought 562.6 billion KRW worth of shares in the KOSPI market. This is the largest single-day net buying since 1.7069 trillion KRW on the 11th of last month. Meanwhile, individuals and institutions net sold 403.2 billion KRW and 161.6 billion KRW respectively. Institutions, which maintained net buying until the morning, reversed to net selling in the afternoon.

By sector, Medical Precision (4.11%), Textiles & Apparel (3.05%), Electrical & Electronics (2.45%), and Chemicals (1.48%) rose. Transportation & Warehousing (-1.55%), Construction (-1.36%), and Steel & Metals (-1.08%) declined.

Almost all of the top 10 market capitalization stocks rose. SK Hynix had the largest gain at 6.0%. It was followed by Samsung Electronics (1.8%), LG Chem (1.7%), Samsung SDI (1.0%), and Kia Motors (0.7%). Only Samsung Biologics fell by 0.1%. Celltrion remained flat.

The KOSDAQ’s upward momentum was even stronger. It closed at 965.78, up 1.01% (9.61 points) from the previous day. After a firm start at 956.87, it briefly dipped to 954.93 in the morning but then reversed to an upward trend, settling above the 960 level.

Net buying by foreigners and institutions was effective. They net bought 133.9 billion KRW and 16.6 billion KRW respectively. Meanwhile, individuals net sold 150.1 billion KRW.

Most sectors rose. Publishing & Media Reproduction led with a 5.16% increase. It was followed by Semiconductors (2.56%), Paper & Wood (2.53%), and Computer Services (2.41%). Non-metallic Minerals (-1.17%) and Transportation Equipment & Parts (-0.48%) declined.

Among the top 10 market cap stocks, performances were mixed. Pearl Abyss (4.9%), Seegene (3.3%), SK Materials (2.1%), EcoPro BM (1.2%), and Celltrion Pharm (0.4%) rose. Meanwhile, HL Biopharma (-2.6%), CJ ENM (-0.9%), Kakao Games (-0.7%), Studio Dragon (-0.7%), and Celltrion Healthcare (-0.1%) fell.

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