Foreigners and Institutions Buy, Domestic Stock Market Rebounds... Individuals Realize Profits

KOSPI Surpasses 3000
KOSDAQ Shows Over 1% Gain

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] Both the KOSPI and KOSDAQ are showing an upward trend, supported by buying pressure from foreigners and institutions. On the other hand, individual investors appear to be realizing profits.

As of 2:05 PM on the 28th, the KOSPI recorded 3002.96, up 0.11% (3.41 points) from the previous day. Earlier at 9:21 AM, it fell to 2991.55, fluctuating around the 3000 mark.

Buying pressure from foreigners and institutions is relatively strong. Foreigners and institutions net purchased 176.6 billion KRW and 629.2 billion KRW, respectively. Individuals net sold 811.3 billion KRW.

Many sector indices showed strength. The electric and gas industry had the largest increase at 4.16%. This was followed by textiles and apparel (2.84%), finance (0.73%), machinery (0.70%), and paper and wood (0.67%). On the downside were precision medical instruments (-1.74%), transportation and warehousing (-1.04%), transportation equipment (-0.44%), electrical and electronics (-0.39%), and construction (-0.35%).

The top 10 stocks by market capitalization showed mixed results. Celltrion had the largest gain at 3.92%. This was followed by Samsung SDI (0.47%), Kakao (0.44%), NAVER (0.39%), and LG Chem (0.16%). SK Hynix (-0.79%), Kia (-0.59%), Samsung Electronics (-0.50%), and Samsung Biologics (-0.23%) declined. Hyundai Motor remained flat.

At the same time, the KOSDAQ recorded 1022.40, up 1.09% (11.04 points) from the previous day. It also rose to 1024.07 at 11:31 AM.

Buying pressure from foreigners and institutions led to the index rise. Foreigners and institutions net purchased 226.1 billion KRW and 568.7 billion KRW, respectively. Individuals net sold 784.4 billion KRW.

Most sectors rose. The paper and wood sector had the largest increase at 3.47%, followed by digital content (3.41%), IT components (2.90%), entertainment and culture (2.81%), IT software & services (2.29%), and general electrical and electronics (2.21%). Declining sectors included telecommunications services (-1.17%), transportation equipment and parts (-1.01%), construction (-0.48%), textiles and apparel (-0.29%), and transportation (-0.28%).

All of the top 10 stocks by market capitalization except for HL Biotech rose. L&F had the largest gain at 7.78%, followed by Pearl Abyss (6.56%), Chunbo (5.24%), EcoPro BM (4.19%), Wemade (3.72%), Celltrion Healthcare (2.82%), Celltrion Pharm (2.07%), Kakao Games (0.98%), and Seegene (0.66%). HL Biotech fell 1.98%.

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