KOSPI Ends Higher on Foreign and Institutional Buying... Fails to Recover Samcheonpi Level
On the 4th, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. On that day, the KOSPI index opened at 3,000.92, up 25.21 points from the previous session. The won-dollar exchange rate started at 1,178.5 won, down 3.1 won. Photo by Moon Honam munonam@
View original image[Asia Economy Reporter Park Jihwan] The KOSPI closed higher, driven by simultaneous buying from foreigners and institutions. Although it briefly rose above the 3010 level early in the session, it ultimately made only a slight rebound and failed to reclaim the 3000 mark.
On the 4th, the KOSPI closed at 2983.22, up 7.51 points (0.25%) from the previous trading day. The index climbed as high as 3011.56 early in the session, raising hopes for a close above 3000. However, gains narrowed in the afternoon, and it ended the day around the 2980 level.
By investor type, foreigners and institutions led the market with net purchases of 333.2 billion KRW and 317.3 billion KRW, respectively. In contrast, individual investors sold a net 655.7 billion KRW.
Most of the top market capitalization stocks closed higher. Samsung Electronics (0.28%), SK Hynix (0.47%), NAVER (2.24%), Kakao (4.42%), LG Chem (0.77%), Samsung SDI (2.60%), Hyundai Motor (2.64%), and Kia (2.35%) all rose. Meanwhile, Samsung Biologics and Celltrion fell by -1.03% and -0.71%, respectively. Kakao Pay, which recently joined the KOSPI, ended the day down more than 12%.
The KOSDAQ closed at 1001.43, down 3.57 points (-0.36%) from the previous trading day.
By investor type, individuals and foreigners sold a net 42.4 billion KRW and 1.3 billion KRW, respectively, while institutions bought a net 23.4 billion KRW.
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Among the top 10 market capitalization stocks, performances were mixed. Wemade closed sharply lower at 167,100 KRW, down 22,900 KRW (-12.05%) from the previous day. Pearl Abyss (-1.71%) and Celltrion Pharm (-0.92%) also ended lower. On the other hand, EcoPro BM (7.27%), L&F (6.99%), Kakao Games (2.47%), HLB (0.12%), SK Materials (0.75%), and CJ ENM (0.24%) closed higher.
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