Foreigners Buy 900 Billion Won... KOSPI Closes Up at 3280 Level

Foreigners Record Highest Daily Net Buying Since Last March
Institutions Also Net Buy 870 Billion Won...Individuals Net Sell 1.8 Trillion Won

[Asia Economy Reporter Minwoo Lee] Powered by strong buying from foreigners and institutions, the KOSPI closed higher in the 3280 range for the first time in about two weeks.

On the 4th, the KOSPI closed at 3280.38, up 1.34% (43.24 points) from the previous day. After opening slightly higher at 3246.65, it steadily increased throughout the session.

The index was driven by net purchases from both foreigners and institutions. In particular, foreigners, who had been selling continuously, were effective by net buying for two consecutive days. On this day, foreigners net purchased stocks worth 908.3 billion KRW, marking the largest single-day net purchase since March 11 (1.7067 trillion KRW). Institutional investors also net purchased stocks worth 872.4 billion KRW. Individuals sold stocks worth 1.7764 trillion KRW.

All sectors rose. The transportation and warehousing sector had the largest increase at 3.50%, followed by machinery (2.05%), textiles and apparel (2.02%), and banking (1.93%).

Most of the top 10 market capitalization sectors closed higher. Kakao had the largest gain at 3.82%, followed by Samsung Electronics (1.84%), Celltrion (1.70%), Kia (1.40%), NAVER (1.17%), SK Hynix (0.83%), Hyundai Motor (0.67%), and LG Chem (0.35%). Only Samsung Biologics (-0.66%) and Samsung SDI (-0.53%) declined.

The KOSDAQ also closed at 1047.90, up 1.14% (11.79 points) from the previous day. It steadily rose after opening slightly higher.

In the KOSDAQ market, foreigners alone net purchased 75.7 billion KRW. Individuals and institutions net sold 66.7 billion KRW and 7.4 billion KRW, respectively.

Most sectors rose. Some sectors increased by more than 5%, including Internet (5.49%) and entertainment and culture (5.08%). They were followed by computer services (3.34%), broadcasting services (3.31%), telecommunications and broadcasting services (2.81%), and software (2.17%). Only other manufacturing (-0.43%), chemicals (-0.19%), and general electrical and electronics (-0.03%) sectors declined.

Among the top 10 market capitalization stocks, Celltrion Healthcare rose the most at 2.54%, followed by CJ ENM (1.97%), Alteogen (0.98%), HLB (0.83%), and Celltrion Pharm (0.82%). EcoPro BM (-2.19%), SK Materials (-1.71%), Seegene (-1.23%), and Pearl Abyss (-0.14%) declined. Kakao Games remained flat.

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