KOSPI Driven by Foreign and Institutional Investors... Samsung Electronics Gains Over 3%

[Asia Economy Reporter Kwon Jae-hee] On the 29th, both the KOSPI and KOSDAQ rose together. This is interpreted as a result of strong inflows into large-cap stocks that posted solid earnings amid the corporate earnings season, following significant gains in the three major U.S. stock markets.

As of 11:10 a.m. on the 28th, the KOSPI was trading at 2,689.43, up 0.82% (21.94 points) from the previous trading day. The KOSPI opened at 2,669.18, up 0.06% (1.69 points) from the previous day, and then widened its gains.

By investor type, individuals were net sellers with 135.1 billion KRW, while foreigners and institutions were net buyers with 93.8 billion KRW and 57.1 billion KRW, respectively.

Kim Seok-hwan, a researcher at Mirae Asset Securities, said, "Thanks to the strong U.S. stock market, which rose sharply for the first time in seven weeks due to robust corporate earnings, solid consumer spending, and strong employment, positive investor sentiment is expected to form in the domestic market as well." He added, "Similar to the previous day, it is highly likely that institutional investors will focus their buying on large-cap stocks."

By sector, the following showed gains: Electrical & Electronics (2.35%), Textile & Apparel (1.80%), Manufacturing (1.20%), Medical Precision (1.15%), Chemicals (0.91%), Services (0.61%), Non-metallic Minerals (0.60%), Distribution (0.42%), Securities (0.33%), and Electric & Gas Utilities (0.14%).

Among the top 10 KOSPI market capitalization stocks, Samsung Electronics (3.24%), LG Energy Solution (1.32%), SK Hynix (1.83%), Samsung Biologics (0.24%), Samsung Electronics Preferred (2.41%), NAVER (0.71%), Samsung SDI (2.68%), and LG Chem (4.18%) showed upward trends. In contrast, Kakao (-0.11%) and Hyundai Motor (-1.86%) declined.

At the same time, the KOSDAQ index was trading at 901.32, up 1.02% (9.10 points) from the previous trading day. The KOSDAQ opened at 895.64, up 0.38% (3.42 points) from the previous day, and gradually increased its gains.

Looking at investor trends, individuals were the sole net buyers in the KOSDAQ market with 55.4 billion KRW, while foreigners and institutions sold stocks worth 58.7 billion KRW and 0.4 billion KRW, respectively.

By sector, all sectors except Food & Beverage (-0.71%) and Software (-0.22%) recorded gains. General Electrical & Electronics (3.23%), Information Devices (1.97%), IT Components (1.58%), Computer Services (1.24%), Pharmaceuticals (1.21%), Manufacturing (1.20%), Machinery & Equipment (1.17%), and Other Services (1.15%) showed increases.

Among the top market cap stocks, EcoPro BM (5.94%), L&F (0.64%), Pearl Abyss (1.19%), HLB (2.19%), Chunbo (3.40%), CJ ENM (0.08%), and Rino Industries (0.35%) were on the rise. Meanwhile, Kakao Games (-1.34%) and Celltrion Pharm (-0.33%) were declining.

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