KOSPI Rises for the First Time in 5 Trading Days on Rebound Buying... Large-Scale Purchases by Institutions

[Image source=Yonhap News]

[Asia Economy Reporter Myung-Hwan Lee] The KOSPI maintained its upward trend in the afternoon session on the 20th, hovering around the 2370 level. Institutional investors engaged in large-scale buying in the securities market.

As of 2 PM on the day, the KOSPI stood at 2371.75, up 0.68% (16.09 points) from the previous trading day, showing an upward movement for the first time in five trading days. The KOSPI opened the session at 2373.64, up 0.76% (17.98 points), but the upward momentum slowed, and it briefly dipped to the 2350 level in the morning.

Institutional investors are driving the index's rise by making large-scale purchases in the securities market. Institutions alone have bought 284.8 billion KRW. On the other hand, individuals and foreigners have sold 205.4 billion KRW and 92.1 billion KRW, respectively.

Among the top market capitalization stocks on the KOSPI, secondary battery-related stocks are showing notable gains. Samsung SDI is trading at 633,000 KRW, up 4.11% (25,000 KRW) from the previous day. LG Energy Solution, which had fallen more than 5% the day before, is trading at 489,500 KRW, up 2.51% (12,000 KRW) from the previous day. Conversely, major semiconductor-related stocks such as SK Hynix (-2.44%), Samsung Electronics (-0.53%), and Samsung Electronics Preferred (-0.39%) are declining.

At the same time, the KOSDAQ index is at 760.34, up 1.12% (8.43 points) from the previous trading day. The KOSDAQ opened at 758.35, up 0.86% (6.44 points), and is gradually increasing its gains.

Institutional investors are also buying 65.3 billion KRW worth of stocks in the KOSDAQ market. Foreign investors are net buyers of 8.3 billion KRW. Individuals are selling 70.4 billion KRW on their own.

Among the top market capitalization stocks on the KOSDAQ, HLB is trading at 42,800 KRW, up 2.88% (1,200 KRW) from the previous day, showing a significant increase. EcoPro BM is also trading at 102,600 KRW, up 2.60% (2,600 KRW) from the previous day. Game-related stocks such as Pearl Abyss (1.47%) and Kakao Games (1.21%) are also on the rise. Alteogen is trading at 52,600 KRW, down 1.13% (600 KRW) from the previous day.

The rise in the domestic stock market on this day is interpreted as a result of rebound buying following recent declines. Lee Kyung-min, a researcher at Daishin Securities, commented on the market, saying, "The market is recording gains supported by rebound buying due to perceptions of excessive short-term declines and the influence of the previous day's turnaround in the U.S. stock market. The limited further rise in U.S. Treasury yields and the decline in the dollar index, which slightly reduced volatility in the bond and foreign exchange markets, are also positively affecting the stock market."

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