Foreigners and Institutions Both Drive... KOSPI Settles at 3200

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] On the 26th, the KOSPI index recovered to the 3200 level due to simultaneous buying by foreigners and institutions.

As of 2:11 PM on the same day, the KOSPI was trading at 3,207.54, up 20.91 points (0.67%) compared to the previous trading day. Foreigners and institutions net bought stocks worth 140.7 billion KRW and 53.1 billion KRW respectively, while individual investors net sold stocks worth approximately 183.2 billion KRW.

In the stock market that day, stocks with clear earnings improvements showed sharp rises. POSCO International, which achieved its highest quarterly earnings, recorded an increase of over 6%. Lee Jin-woo, a researcher at Meritz Securities, said, "Although there is pressure as the stock market has risen to the upper end of the box range, strong corporate earnings are providing support from below," adding, "As the global market shifts to a risk-on (aggressive investment) stance, the selling pressure from foreigners has eased, but aggressive buying has not yet appeared."

Among the top market capitalization stocks, Samsung Electronics (0.48%), LG Chem (1.03%), Samsung Biologics (0.25%), Hyundai Motor (0.23%), Samsung SDI (2.24%), and Kia (1.60%) showed strength. SK Hynix (-1.13%), NAVER (-0.66%), and Celltrion (-1.22%) were on the decline.

The KOSDAQ index rose 2.85 points (0.28%) from the previous day to 1,028.25. Individuals net bought stocks worth approximately 118 billion KRW, while foreigners and institutions sold stocks worth about 74 billion KRW and 23.9 billion KRW respectively. The net selling by foreigners and institutions decreased in the afternoon.

Among the top market capitalization stocks, EcoPro BM jumped 3.67%, SK Materials (2.37%) and HL Biopharma (2.77%) showed strength, while Celltrion Healthcare (-1.95%), Celltrion Pharm (-1.29%), and Alteogen (-2.04%) were declining. Seo Jeong-hoon, a researcher at Samsung Securities, predicted, "Although foreigners have been selling in recent days, the inflow trend is expected to continue as it did in early April."

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