KOSPI Recovers to 2450 Level... Stable Gains Driven by Individual and Institutional Buying Pressure

This Week's Cautious Remarks Including US FOMC

[Asia Economy Reporter Kwangho Lee] The KOSPI closed at the 2450 level in a firm positive range, supported by buying from individuals and institutions. The market showed mixed trends, fluctuating between gains and losses during the session before finishing slightly up.

On the 20th, the KOSPI index closed at 2455.12, up 3.91 points (0.16%) from the previous day. The KOSPI opened at 2453.25, up 2.04 points (0.08%) from the previous day.

In the securities market, individuals and institutions net bought 94.6 billion KRW and 172 billion KRW respectively. Meanwhile, foreigners net sold 312.5 billion KRW.

[Image source=Yonhap News]

Top market capitalization stocks showed mixed trends. SK Hynix (0.54%), Samsung Biologics (0.75%), Samsung Electronics Preferred (0.18%), and NAVER (1.62%) saw their stock prices rise. On the other hand, LG Energy Solution (-3.19%), Samsung SDI (-1.56%), LG Chem (-3.19%), Hyundai Motor (-0.45%), and Kia (-0.13%) closed lower.

Lee Kyung-min, a researcher at Daishin Securities, explained, "This week, key events such as the minutes of the US Federal Open Market Committee (FOMC) and remarks from multiple Federal Reserve officials are scheduled, which will reaffirm the Fed's monetary policy stance. The stock market is also cautious in response to this."

The KOSDAQ closed at 788.89, up 13.27 points (1.71%) from the previous session. It opened at 777.68, up 2.06 points (0.27%) from the previous trading day.

In the KOSDAQ market, foreigners and institutions net bought 198.6 billion KRW and 72.6 billion KRW respectively. Conversely, individuals net sold 252.3 billion KRW.

Among the top market capitalization stocks in KOSDAQ, all showed gains except SM (-6.38%). Notably, HLB (29.88%) hit the upper price limit, while Celltrion Healthcare (2.29%), EcoPro (7.03%), Kakao Games (3.96%), Pearl Abyss (3.46%), and JYP Ent. (3.06%) showed upward trends.

The exchange rate closed steady. In the Seoul foreign exchange market, the won-dollar exchange rate ended at 1294.5 KRW, down 5.0 KRW from the previous trading day (1299.50 KRW), marking the first decline in four trading days.

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