KOSPI Continues to Rise on 'Foreign Investors' Large-Cap Net Buying'

On the 24th, the KOSPI opened at 2248.26, up 35.14 points (1.59%) from the previous trading day, at the Hana Bank dealing room in Jung-gu, Seoul. The won-dollar exchange rate started at 1430.0 won, down 9.8 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Hwang Junho] The stock market showed a slight upward trend on the morning of the day. The Kospi was lifted by a rise centered on large-cap stocks as foreign investors returned to net buying.

As of 10:31 a.m. that day, the Kospi recorded 2417.26, up 0.76% from the previous session. Following net buying by institutions (204 billion KRW) in the early session, foreign investors turned to net buying (31.4 billion KRW), slightly expanding the index's gains. Individual investors showed a net selling intention of 241.9 billion KRW, taking advantage of a rare profit-taking opportunity.

Among all stocks, 601 stocks rose. This means about two-thirds of the Kospi constituent stocks showed an upward trend. The Kospi 200, composed mainly of large-cap stocks, recorded 314.46, up 0.79% from the previous day. Among them, Samsung Electronics, the unchanging leader of the Kospi, rose 0.32% to 62,000 KRW compared to the previous day. Institutional net buying is driving the stock price up. Following this, LG Energy Solution (0.68%), SK Hynix (0.23%), Samsung SDI (0.41%), and LG Chem (1.88%) also showed upward trends.

By sector, following the medical precision sector (2.29%) which showed strength in the early session, the electric and gas sector (4.79%) recorded a significant rise. Korea Electric Power Corporation (KEPCO) led the rise in the electric and gas sector by rising 7.60% to 18,400 KRW compared to the previous day. This seems to reflect expectations following news that the banking sector has stepped in as a savior for KEPCO, which is expected to have a deficit of 30 trillion KRW this year.

The Kosdaq also recorded 714.23, up 0.13% from the previous day. On the Kosdaq, individual investors continued net buying of 74.8 billion KRW, lifting the market. In contrast, foreign and institutional investors net sold 43.6 billion KRW and 27.4 billion KRW, respectively.

Among all stocks, 828 stocks showed an upward trend. Despite the overall rise, the Kosdaq 150 fell 0.09%. Most of the top market cap stocks also showed a downward trend. Celltrion Healthcare, the leader of the Kosdaq, recorded 68,600 KRW, down 0.58% from the previous day. Ecopro BM, L&F, and HLB also declined. The gaming sector showed mixed results. The leader Kakao Games rose 1.58%, while Pearl Abyss fell 3.69%.

By sector, the broadcasting services sector (3.27%) showed strength following the rise of YTN (19.88%). Following this, telecommunications broadcasting and other manufacturing sectors showed gains exceeding 2%.

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