Foreigners and Institutions Jointly Net Buy... KOSPI Closes Up Over 1%

Individual Investors Net Sell Over 1 Trillion Won
Celltrion Trio Returns Gains

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] Despite individuals selling stocks worth over 1 trillion won in the market, the KOSPI successfully closed with a gain of over 1%, driven by strong net buying from foreigners and institutions.

On the 12th, the KOSPI closed at 2,968.80, up 1.50% (43.88 points) from the previous trading day. The KOSPI started the day at 2,945.95, up 0.72% (21.03 points), and continued its upward trend into the afternoon. Looking at investment trends, foreigners and institutions bought stocks worth 430 billion won and 594.3 billion won respectively, while individuals alone sold stocks worth 1.0456 trillion won.

By sector, medical precision (9.24%), banking (4.12%), steel & metals (4.11%), and securities (2.52%) showed strong performance. SD Biosensor surged 11% that day, with its inclusion in the Morgan Stanley Capital International (MSCI) index acting as a positive factor for its stock price. In the steel sector, expectations that demand could significantly increase due to the rise in U.S. infrastructure investment appeared to have a positive impact across the industry.

Most of the top market capitalization stocks showed gains that day. Samsung Electronics rose 1% to close at 70,600 won, while NAVER (0.49%), Kakao (1.20%), Samsung Biologics (1.71%), LG Chem (2.52%), Hyundai Motor (1.46%), and Kia (3.46%) also closed higher. On the other hand, SK Hynix (-0.93%) and Samsung SDI (-0.27%) ended lower. Unlike Samsung Electronics, which had shown a downward trend since mid-last month with limited rebounds, SK Hynix showed a strong upward trend, leading to a strong rebound in Samsung Electronics, which had been relatively inactive until then.

Celltrion, which surged early in the session on news recommending European approval for the COVID-19 treatment drug Rekirona, only rose 0.47%. Celltrion Healthcare, listed on the KOSDAQ market, turned lower and fell 0.23%. Kakao Pay, which had fallen to the 140,000 won range amid a recent downtrend, succeeded in rebounding with an 8.25% increase that day. NCSoft, designated as an investment caution stock, gave up some of the previous day's gains and closed down 9%.

Lee Kyung-min, a researcher at Daishin Securities, said, "The rebound in the Nasdaq index and the Philadelphia Semiconductor Index positively influenced investor sentiment toward technology and growth stocks," adding, "Externally, the relief in consumption concerns from China and expectations of easing regulatory uncertainty on Chinese platform companies also likely had a positive effect."

The KOSDAQ index closed at 1,009.07, up 1.65% (16.42 points) from the previous trading day. The KOSDAQ started the day at 999.29, up 0.67% (6.64 points), and maintained its upward momentum. Looking at investment trends, foreigners alone bought stocks worth 221.1 billion won, while institutions and individuals sold stocks worth 49.2 billion won and 178.6 billion won respectively.

Among the top market capitalization stocks, L&F (6.15%), Kakao Games (4.19%), Wemade (4.71%), Celltrion Pharm (1.55%), HLB (0.26%), SK Materials (5.17%), and CJ ENM (0.95%) rose.

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