KOSPI Nears 3120 During Session on Foreign and Institutional Buying... KOSDAQ Approaches 1010

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 24th, the KOSPI continued its upward trend above the '3120 level,' rising more than 1% thanks to simultaneous buying by institutions and foreigners. The KOSDAQ also rose nearly 2%, regaining the '1000 level.'

As of 1:54 PM that day, the KOSPI stood at 3126.96, up 36.75 points (1.19%) from the previous day. The index opened at 3119.70, up 29.49 points (0.95%) from the previous trading day.

Foreigners and institutions net bought 11 billion KRW and 207.3 billion KRW, respectively. Individual investors alone net sold 188.3 billion KRW. If foreigners close the day with net buying, it will mark a return to net buying after 11 trading days.

Among the top 10 KOSPI market capitalization stocks, Samsung Electronics led the index rise with a 2.18% increase. The rise in the U.S. Philadelphia Semiconductor Index and the blockbuster expectations for the new smartphone Galaxy Z Fold3 acted as positive factors. In addition, Hyundai Motor (1.96%), SK Hynix (1.45%), NAVER (1.75%), and Kakao (0.34%) also rose. Samsung SDI (-1.50%), Samsung Biologics (-5.55%), Kakao Bank (-4.34%), and LG Chem (-1.75%) declined.

The KOSDAQ was trading at 1008.96, up 15.78 points (1.59%) from the previous day. The index opened at 1002.19, up 9.01 points (0.91%) from the previous day.

Individuals and foreigners net bought 23 billion KRW and 11 billion KRW, respectively. Institutions alone net sold 17.4 billion KRW.

Among the top 10 KOSDAQ market capitalization stocks, Seegene (5.73%), Alteogen (7.05%), HL Biopharma (14.66%), and Kakao Games (0.27%) rose. Meanwhile, Pearl Abyss (-0.14%), SK Materials (-4.38%), and Celltrion Pharm (-2.51%) declined.

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