"Foreigners When Will They Return?"... KOSPI Closes at 3140 Level

KOSPI Closes Up 0.33% on Institutional Net Buying

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI closed higher due to net buying by institutional investors. The KOSDAQ index also showed an intraday rise of over 1%.

On the 30th, the KOSPI closed at 3,144.19, up 0.33% (10.29 points) from the previous trading day. The index started the day strong, rising 0.86% (26.97 points) to 3,160.87 compared to the previous day. Although it turned downward during the session due to increased selling by foreign investors, it closed higher as institutions increased their net buying. Looking at investor trends, institutions alone purchased stocks worth 251.7 billion KRW. Individuals and foreigners sold stocks worth 56.7 billion KRW and 236.9 billion KRW, respectively.

By sector, construction (4.04%), steel and metals (3.6%), non-metallic minerals (2.6%), food and beverages (1.6%), and transportation and warehousing (1.3%) showed the largest gains. The construction sector's rise is analyzed to reflect expectations of a construction boom in the second half of the year. By company, Bumyang Geonyeong (21.9%), Ilseong Construction (11.8%), Gyeryong Construction (9%), GS Construction (6.8%), and DL E&C (4.5%) led the gains.

Among the top market capitalization stocks, Samsung Electronics (0.4%), NAVER (1.9%), Kakao (1%), and Hyundai Motor (0.72%) rose, while LG Chem (-1.66%), Samsung SDI (-0.26%), and Celltrion (-1.9%) declined.

Seosangyoung, a researcher at Mirae Asset Securities, explained, "With the uncertainty of the Jackson Hole meeting resolved, risk appetite has recovered, but the increase in foreign investors' selling of spot and futures contracts limited the gains. Supported by the announcement of the 3rd phase new towns, the construction sector showed strength, and the rise in raw material prices sustained gains in non-metallic minerals and steel sectors."

The KOSDAQ index closed at 1,023.51, up 0.3% (3.07 points) from the previous trading day. It started the day at 1,030.65, up 0.70% (7.14 points) from the previous day. Looking at investor trends, foreigners switched to net buying near the end of the session, purchasing stocks worth 16.3 billion KRW, and individual investors alone bought stocks worth 25.6 billion KRW. Institutions sold stocks worth 24.9 billion KRW on their own.

Among the top market capitalization stocks, Celltrion Healthcare (-2.11%), EcoPro BM (-1.33%), Celltrion Pharm (-2.33%), SK Materials (-1.2%), and L&F (-2.16%) declined, while Pearl Abyss (14.61%), HL Biopharma (9.5%), Kakao Games (1.36%), and Seegene (1.25%) rose.

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