Individuals were busy selling what they picked up... "Only institutions bought... KOSPI recovers to 2670 level"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] The domestic stock market closed higher, influenced by the Nasdaq index in the U.S. rising by over 3%. Although it did not fully recover the previous day's losses, it succeeded in rebounding by 1%.

On the 25th, the KOSPI index closed at 2,676.76, up 27.96 points (1.06%) from the previous trading day. Individuals who were net buyers the day before appeared eager to sell off quickly within a day. Both individuals and foreigners sold off 85.2 billion KRW and 122.4 billion KRW respectively, weakening the upward momentum of the index. Only institutions bought about 122.6 billion KRW alone.

Among the top market capitalization stocks, Kakao (4.89%), Samsung SDI (4.46%), and NAVER (3.97%) rose. On the other hand, KB Financial (-3.44%), Korea Electric Power Corporation (-2.24%), and Shinhan Financial Group (-2.14%) declined.

By sector, most sectors rose. Machinery increased by more than 3%, and services, non-metallic minerals, pharmaceuticals, and textiles/apparel rose by around 2%. Following these, securities, paper/wood, chemicals, transportation equipment, and manufacturing rose by about 1%. Banks, retail, electrical/electronics, construction, and finance rose by less than 1%. Conversely, electric/gas utilities fell by around 2%, and food/beverages, transportation/warehousing, and medical precision sectors declined slightly by less than 1%.

The KOSDAQ index closed at 872.98, up 24.77 points (2.92%) from the previous trading day. Foreigners and institutions bought 343.3 billion KRW and 80.2 billion KRW respectively, while individuals were net sellers of 422.6 billion KRW.

Among the top market capitalization stocks, EcoPro BM surged more than 10%. Battery-related stocks such as L&F (6.05%) and Cheonbo (3.19%) also rose significantly.

Kim Seok-hwan, a researcher at Mirae Asset Securities, said, “The announcement of sanctions against Russia in the U.S. stock market positively influenced the domestic market’s upward turn.” He added, “If geopolitical tensions surrounding Ukraine continue, how long they last will be very important. The longer the period, the higher the possibility of fueling inflation, which, combined with Federal Reserve (Fed) tightening, could become a growth headwind.”

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