Foreigners as 'Lions'... KOSPI Shows Firm Slight Rise

KOSDAQ Surpasses 1030 Level... Foreigners and Institutions Buy Together

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI showed a firm gain due to foreign buying, while the KOSDAQ was led higher by both foreign and institutional investors.

As of 2:09 PM on the 30th, the KOSPI recorded 3,304.25, up 0.53% (17.57 points) from the previous trading day. It had risen as high as 3,305.26 at 1:43 PM that day.

Foreign buying pressure led to the index's rise. On this day, foreigners were net buyers of 33 billion KRW. Individuals and institutions were net sellers of 2.5 billion KRW and 33.1 billion KRW, respectively.

Most sectors rose. The service sector had the largest gain at 1.39%. This was followed by paper and wood (1.18%), transportation and warehousing (0.74%), electrical and electronics (0.71%), and electricity and gas (0.58%). Retail (-0.42%), telecommunications (-0.38%), securities (-0.21%), non-metallic minerals (-0.24%), and machinery (-0.13%) declined in order.

Most of the top 10 market capitalization stocks rose. Kakao's gain was the largest at 2.85%. This was followed by SK Hynix (2.80%), NAVER (2.19%), LG Chem (1.55%), Celltrion (1.51%), Samsung SDI (1.46%), Kia (0.22%), and Hyundai Motor (0.21%). Samsung Biologics fell 0.35%. Samsung Electronics remained flat.

At the same time, the KOSDAQ recorded 1,030.80, up 0.81% (8.28 points) from the previous trading day. It had risen as high as 1,030.90 at 1:42 PM that day.

Foreign and institutional buying was strong. On this day, foreigners and institutions were net buyers of 59 billion KRW and 29.3 billion KRW, respectively. Individuals were net sellers of 74 billion KRW.

Most sectors rose. Paper and wood had the largest gain at 2.71%. This was followed by pharmaceuticals (1.75%), software (1.40%), internet (1.25%), and manufacturing (1.04%). Digital content (-0.29%), non-metallic minerals (-0.28%), finance (-0.26%), telecommunication services (-0.08%), and textiles and apparel (-0.02%) declined in order.

All of the top 10 market capitalization stocks except Kakao Games rose. HLB had the largest gain at 2.74%. This was followed by Alteogen (2.56%), Celltrion Pharm (1.81%), CJ ENM (1.62%), EcoPro BM (1.58%), Seegene (1.47%), Celltrion Healthcare (0.87%), Pearl Abyss (0.67%), and SK Materials (0.09%). Kakao Games fell 2.68%.

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