KOSPI and KOSDAQ Close Higher... Foreigners and Institutions Buy Together

Internet and Secondary Batteries Lead KOSPI Rise
KOSDAQ Closes Up 2.14%

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The KOSPI and KOSDAQ closed higher. In particular, the KOSDAQ reversed to an upward trend in the morning and surged more than 2%. This was largely due to foreign and institutional investors switching to strong buying.

On the 17th, the KOSPI closed at 2494.66, up 0.58% (14.42 points) from the previous day. The index started the day down 0.02% (0.59 points) at 2479.65 but turned to an upward trend in the afternoon.

The shift of institutions to 'buying' had a significant impact. Foreign and institutional investors net purchased 157 billion KRW and 157.5 billion KRW respectively. On the other hand, individual investors sold off 324.8 billion KRW alone. In the futures market, individuals and institutions net sold 200.3 billion KRW and 249.4 billion KRW respectively, while foreign investors alone net purchased 461.3 billion KRW.

The top 10 stocks by market capitalization mostly showed gains. Samsung Electronics fell by 0.61%, Samsung Biologics by 0.38%, and POSCO Holdings by 0.13%. Notable gains included LG Energy Solution +3.70%, Samsung SDI +2.98%, NAVER +2.65%, and LG Chem +2.01%.

The KOSDAQ closed at 834.19, up 2.14% (17.44 points) from the previous day. It started the day down 0.14% (1.17 points) at 815.58 but reversed to an upward trend in the morning, expanding its gains.

Foreign and institutional investors' 'buying' drove the KOSDAQ index. Foreign and institutional investors net purchased 229.6 billion KRW and 93.7 billion KRW respectively. Meanwhile, individual investors net sold 316.8 billion KRW.

Among the top 10 stocks by market capitalization, only Ostem Implant closed down by 0.11%. HLB surged dramatically by 14.12%. Other notable gains included EcoPro +3.09%, Celltrion Pharm +2.71%, L&F +2.58%, and Celltrion Healthcare +2.08%.

Lee Kyung-min, a researcher at Daishin Securities, analyzed, "Despite uncertainties such as U.S. retail sales falling short of expectations and ongoing debt ceiling negotiation difficulties, the domestic stock market turned to an upward trend along with a reversal to gains in U.S. futures. Similar to the previous day, the upper limit was capped around the 2490 level, and large-cap internet and secondary battery stocks led the KOSPI's rise among the top market cap stocks."

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