KOSPI Closes Slightly Higher at '3120 Level'... Fourth Consecutive Day of Gains

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] The KOSPI closed higher for the fourth consecutive day, supported by net buying from foreign investors. Foreigners showed net buying of over 2 trillion won for four consecutive trading days.

On the 6th, the KOSPI closed at 3,127.08, up 0.20% (6.25 points) from the previous trading day. The index opened at 3,123.80, up 2.97 points (0.10%) from the previous close, showing a market that fluctuated between gains and losses.

In the market, foreigners continued their buying streak for the fourth consecutive trading day with net purchases of 571.8 billion won. Meanwhile, individuals and institutions sold net amounts of 28.3 billion won and 514.6 billion won, respectively. In particular, large-scale selling pressure from institutional investors, centered on pension funds, continued following the previous day.

Among the top 10 stocks by market capitalization, there were mixed movements. Above all, Kakao showed a remarkable rise. The news that Dunamu, which holds a 24% stake, is pursuing a U.S. listing, along with the upcoming stock split issue next week, led to an 8.37% gain. Following were NAVER (3.05%), Samsung Electronics (0.70%), and Samsung Biologics (0.53%) which also rose. On the other hand, LG Chem (-0.61%), Hyundai Motor (-1.71%), and Celltrion (-1.46%) declined.

The KOSDAQ closed at 968.63, down 0.12% (1.14 points) from the previous trading day. The index opened at 971.11, up 1.34 points (0.14%) from the previous close, but soon turned bearish.

On the KOSDAQ, foreigners and institutions sold net amounts of 163 billion won and 13.2 billion won, respectively. Individuals defended the index with net buying of 208.6 billion won.

Among the top 10 by market capitalization, Celltrion Healthcare (-0.70%), Celltrion Pharm (-1.58%), and HL Biotech (-1.81%) showed weakness. Pearl Abyss (2.33%) and Kakao Games (1.15%) rose.

Experts advised paying attention to Samsung Electronics’ earnings, which are expected to be announced before the market opens tomorrow. If Samsung Electronics records an operating profit exceeding market expectations at the 9 trillion won level, it is analyzed that there will be changes in the stock price, which has remained in the 80,000 won range for three months. In this case, it is explained that it will have a positive impact on the index, which accounts for more than 20% of the total market capitalization of the KOSPI.

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