Return of Foreigners and Institutions... KOSPI Closes Up at 3170 Level

KOSDAQ Rises Over 1.4%

On the 25th, employees are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI closed in the 3170 range again after four trading days, supported by simultaneous buying by foreigners and institutions.

On the 25th, the KOSPI closed at 3171.32, up 0.86% (27.02 points) from the previous day. After starting with a slight gain at 3152.93, it widened its gains and closed in the 3170 range again for the first time since the 18th.

Buying by foreigners and institutions lifted the index. They net purchased 68.3 billion KRW and 794.7 billion KRW respectively. It was the first time in ten days since the 10th that foreigners turned to net buying. Individuals net sold stocks worth 968 billion KRW.

Most sectors rose. The transportation and warehousing sector had the largest gain at 3.44%. This was followed by food and beverages (2.69%), machinery (1.30%), paper and wood (1.29%), and distribution (1.28%). Textile and apparel (-1.54%) and construction (-0.86%) declined.

Most of the top 10 market capitalization stocks also rose. Celltrion had the largest gain at 3.82%, followed by SK Hynix (2.93%), Kakao (1.29%), Samsung SDI (1.26%), NAVER (0.70%), and Samsung Electronics (0.25%). Samsung Biologics (-0.93%), Kia (-0.61%), and Hyundai Motor (-0.22%) declined. LG Chem remained flat.

The KOSDAQ showed an even larger increase. It closed at 962.70, up 1.44% (13.70 points) from the previous day. It started at 949.78, up 0.15% from the previous day, and gradually increased its gains.

In the KOSDAQ market, simultaneous buying by foreigners and institutions was also effective. They net purchased 197.5 billion KRW and 91.6 billion KRW respectively. In particular, foreigners bought the most since March 11 (212.2 billion KRW). Individuals net sold 51.9 billion KRW.

All sectors except transportation (-0.47%) rose. Distribution (3.42%), entertainment and culture (2.52%), computer services (2.02%), and food and tobacco (2.02%) followed.

Most of the top market capitalization stocks closed higher. Alteogen rose the most at 6.41%, followed by Celltrion Healthcare (4.24%), Celltrion Pharm (4.20%), CJ ENM (2.67%), HL Biopharma (1.98%), EcoPro BM (1.04%), and Kakao Games (0.39%). SK Materials (-0.16%) and Seegene (-0.14%) declined. Pearl Abyss remained flat.

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