Foreigners and Institutions 'Double Pull' Buying... KOSPI Starts Above 3000 Points

KOSDAQ Shows 1% Range Increase

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI is trading above the 3000 mark in early trading, supported by buying from foreigners and institutions. The KOSDAQ also showed a rise of over 1%.

On the 16th, the KOSPI opened at 3013.26, up 0.80% (23.87 points) from the previous day. It even rose to 3018.20 at 9:09 AM.

Buying by foreigners and institutions is strong. Foreigners and institutions net purchased 58.9 billion KRW and 12.7 billion KRW respectively. Individuals net sold 73.5 billion KRW.

All sectors rose. Pharmaceuticals had the largest increase at 1.86%, followed by telecommunications (1.68%), chemicals (1.14%), transportation equipment (0.82%), medical precision instruments (0.82%), and manufacturing (0.81%).

All of the top 10 stocks by market capitalization rose. Samsung Biologics had the largest gain at 3.87%, followed by LG Chem (2.01%), Samsung SDI (1.63%), Kia (1.19%), NAVER (1.03%), Kakao (0.84%), Samsung Electronics (0.64%), Hyundai Motor (0.48%), SK Hynix (0.40%), and KakaoBank (0.16%).

The KOSDAQ opened at 1013.05, up 0.95% (9.53 points) from the previous day. It rose to 1015.26 at 9:08 AM, showing a gain of over 1%.

Individual buying led the index rise. Individuals net purchased 32.8 billion KRW. Foreigners and institutions net sold 32.1 billion KRW and 0.4 billion KRW respectively.

Most sectors rose. Telecommunications services had the largest increase at 2.53%, followed by paper & wood (1.88%), IT components (1.73%), general electric & electronics (1.71%), and digital content (1.64%). Textile & apparel (-0.28%), other services (-0.27%), and internet (-0.01%) declined.

All of the top 10 stocks by market capitalization rose. Pearl Abyss had the largest gain at 3.51%, followed by L&F (3.37%), Wemade (2.98%), EcoPro BM (2.24%), Kakao Games (1.80%), Celltrion Pharm (1.04%), Celltrion Healthcare (0.61%), Alteogen (0.47%), and HLB (0.43%). SK Materials is currently suspended from trading due to its merger with SK.

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