KOSPI Closes Higher on Institutional Net Buying... "Dividend Expectation Funds Inflow"

Institutions Net Buy 660 Billion KRW Worth in KOSPI Market

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices closed higher, supported by net buying from institutional investors.

On the 26th, the KOSPI closed at 2317.14, up 0.15% (3.45 points) from the previous trading day. The KOSPI opened at 2312.54, down 0.05% (1.15 points) from the previous day, showed mixed trends during the session, and ended with a slight gain.

In the KOSPI market that day, institutions drove the index higher. Institutions alone purchased stocks worth 660.5 billion KRW, while foreigners and individuals sold stocks worth 42.2 billion KRW and 619.3 billion KRW, respectively. Kim Seok-hwan, a researcher at Mirae Asset Securities, said, "Passive fund inflows targeting year-end dividends by financial investment firms continue," adding, "The net buying by financial investment firms is expected to continue until the 27th, ahead of the ex-dividend date on the 28th."

Among the top market capitalization stocks, Samsung Electronics (-0.34%) and SK Hynix (-1.03%) declined, but LG Energy Solution (0.44%), Samsung Biologics (1.99%), LG Chem (1.31%), Samsung SDI (0.32%), Hyundai Motor (0.64%), NAVER (0.28%), and Kia (1.59%) rose.

Lee Kyung-min, a researcher at Daishin Securities, said, "In the absence of any special upward momentum, trading was quiet toward the year-end with limited movement, but in the afternoon, institutional net buying of spot stocks expanded, showing a slight gain," adding, "The KOSDAQ index rose more sharply, supported by net buying from both foreigners and institutions."

The KOSDAQ index closed at 694.68, up 0.5% (3.43 points) from the previous trading day. It initially declined due to net selling by foreigners but turned to a net buying trend and closed higher. Foreigners and institutions bought stocks worth 124 billion KRW and 223.7 billion KRW, respectively, while individuals sold stocks worth 340.2 billion KRW alone.

Among the top market capitalization stocks, Celltrion Healthcare (3.12%), EcoPro BM (0.31%), L&F (0.11%), EcoPro (2.15%), Celltrion Pharm (6.15%), Pearl Abyss (3.58%), Studio Dragon (0.58%), and Lino Industrial (4.84%) rose sharply, while HLB and Kakao Games fell by 1.14% and 0.23%, respectively.

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