Foreigners and Institutions as 'Buyers'... KOSPI on the Rise

KOSDAQ Turns Downward

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI showed an upward trend thanks to foreigners and institutions.

As of 1:44 PM on the 6th, the KOSPI recorded 3306.17, up 0.39% (12.96 points) compared to the previous trading day. It also rose to 3313.51 at 11:11 AM that day.

Foreigners and institutions showed strong buying momentum. On this day, foreigners and institutions net bought 151.6 billion KRW and 153.6 billion KRW respectively. Individuals net sold 304.3 billion KRW.

Most sectors showed strength. The machinery sector had the largest increase at 2.21%. This was followed by electrical and electronics (1.31%), distribution (0.84%), textiles and apparel (0.82%), and medical precision (0.63%). Pharmaceuticals (-2.16%), transportation and warehousing (-0.51%), and steel and metals (-0.13%) declined.

Almost all of the top 10 stocks by market capitalization rose. Samsung SDI had the largest increase at 3.46%. This was followed by SK Hynix (2.03%), Samsung Electronics (0.75%), Kakao (0.64%), LG Chem (0.34%), and Kia (0.11%). Celltrion (-1.83%), Samsung Biologics (-1.27%), and NAVER (-0.12%) declined. Hyundai Motor remained flat.

At the same time, the KOSDAQ recorded 1046.68, down 0.06% (0.65 points) compared to the previous trading day. It started the session with gains but has since fluctuated.

Foreigners and institutions' selling pressure led to the index decline. Foreigners and institutions net sold 51.3 billion KRW and 42.7 billion KRW respectively. Individuals net bought 101 billion KRW.

Sector indices were mixed. The paper and wood sector had the largest increase at 1.31%. This was followed by semiconductors (0.86%), information devices (0.79%), IT hardware (0.74%), and construction (0.68%). Transportation (-1.38%), pharmaceuticals (-1.34%), internet (-1.12%), textiles and apparel (-0.83%), and broadcasting services (-0.82%) declined.

Many of the top 10 stocks by market capitalization showed weakness. Pearl Abyss had the largest drop at 4.09%. This was followed by Seegene (-3.65%), CJ ENM (-2.12%), Celltrion Healthcare (-1.54%), Celltrion Pharm (-1.37%), and EcoPro BM (-0.60%). SK Materials (4.03%), HL Biopharma (1.33%), Kakao Games (0.26%), and Alteogen (0.21%) rose.

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