Institutions Turn to 'Net Buying' After 4 Trading Days... KOSPI Closes at 2460 Level

[Asia Economy Reporter Kwon Jaehee] The KOSPI index closed at the 2460 level on the 14th, supported by net buying from institutional investors.

On that day, the KOSPI index closed at 2465.64, up 0.53% (12.94 points) from the previous session. The index opened at 2471.33, up 0.76% (18.63 points) from the previous trading day, and early in the session expanded gains to the 2480 level, but after fluctuating, it eventually closed at the 2460 level.

In the securities market, institutions led the index rise by net buying stocks worth 302.3 billion KRW. Notably, institutions had maintained a net selling position ranging from 300 billion to 600 billion KRW for three consecutive trading days from the 9th to the previous day but switched to net buying on this day. Foreign investors also purchased stocks worth 62 billion KRW. On the other hand, individual investors net sold stocks worth 386.9 billion KRW, realizing profits.

The domestic stock market appears to have been influenced by the atmosphere of the New York stock market, which closed higher on expectations of a slowdown in inflation ahead of the release of the US January Consumer Price Index (CPI) last night.

Lee Kyungmin, a researcher at Daishin Securities, analyzed, "Despite the upcoming US January CPI release tonight, the US stock market showed strength last night with a rebound buying spree, and the domestic stock market seems to have synchronized with this US market sentiment."

The market seems to have a strong sentiment to confirm the inflation slowdown trend through the January CPI to be announced on the 14th (local time).

[Image source=Yonhap News]

Among the top 10 KOSPI market capitalization stocks, all except Samsung Biologics (-0.25%) closed higher. These include Samsung Electronics (0.48%), LG Energy Solution (0.57%), SK Hynix (3.09%), Samsung SDI (2.21%), LG Chem (0.90%), Samsung Electronics Preferred (0.71%), Hyundai Motor (1.22%), NAVER (0.45%), and Kia (0.41%).

By sector, transportation equipment (1.10%), electrical and electronics (1.06%), services (1.02%), transportation and warehousing (0.90%), steel and metals (0.78%), manufacturing (0.76%), textiles and apparel (0.75%), and paper and wood (0.60%) recorded gains in that order.

The KOSDAQ index closed at 779.58, up 0.91% (7.03 points) from the previous session. On that day, KOSDAQ opened at 778.05, up 0.71% (5.50 points) from the previous trading day, and expanded gains during the session, reaching the 780 level at one point.

By investor type, foreign and institutional investors net bought stocks worth 117.2 billion KRW and 4.8 billion KRW, respectively. Conversely, individual investors were the sole net sellers in the KOSDAQ market, selling stocks worth 104.3 billion KRW.

Among the top 10 KOSDAQ market capitalization stocks, all except L&F (-0.12%) closed higher. These include EcoPro BM (1.08%), Celltrion Healthcare (1.20%), L&F (5.81%), EcoPro (0.20%), Kakao Games (3.05%), HLB (1.86%), Pearl Abyss (2.31%), Osstem Implant (0.05%), and SM Entertainment (0.69%).

By sector, digital content (2.85%), semiconductors (2.52%), paper and wood (2.30%), IT hardware (2.01%), IT components (1.95%), and food and tobacco (1.21%) recorded gains in that order.

On that day, the trading value in the securities market and the KOSDAQ market was recorded at 6.6835 trillion KRW and 9.436 trillion KRW, respectively.

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