KOSPI Hits 52-Week High Intraday... Foreign and Institutional Investors Lead Net Buying
Closed at 2667.07, up 1.31%
On the 1st, the KOSPI closed up 1.31%, supported by foreign and institutional investors' 'buying' momentum. Among the top market capitalization stocks, battery sector companies such as LG Energy Solution, POSCO Holdings, and POSCO Future M showed weakness. In contrast, semiconductors and automobiles rose more than 1%.
On that day, the KOSPI closed at 2,667.07, up 1.31% (34.49 points) from the previous day. The KOSPI started at 2,644.34, up 0.45% from yesterday, and expanded its upward trend. During the session, it rose as much as 1.35% to 2,668.21, marking a 52-week high.
In the early session, foreign investors alone led the index, but in the afternoon, institutions joined the 'buying.' Foreign and institutional investors net purchased 199.9 billion KRW and 330.8 billion KRW, respectively. Individual investors alone net sold 550.5 billion KRW. In the futures market, foreign investors alone bought futures worth 1.6421 trillion KRW. However, individuals and institutions sold 676.7 billion KRW and 802.7 billion KRW, respectively.
Among the top 10 market capitalization stocks, Samsung Biologics stood out, rising 4.70% to 802,000 KRW. This was followed by NAVER +2.64%, Samsung Electronics +1.86%, Hyundai Motor +1.73%, and SK Hynix +1.38%. On that day in the KOSPI market, 630 stocks rose, while 258 stocks fell.
The KOSDAQ closed at 939.67, up 0.40% (3.70 points) from the previous day. The KOSDAQ started at 944.71, up 0.93%, but reversed to a decline in the afternoon.
The index was supported by individual investors. Individuals alone bought stocks worth 439.4 billion KRW. In contrast, foreign and institutional investors sold stocks worth 228.5 billion KRW and 188.4 billion KRW, respectively. There were 1,017 rising stocks and 488 declining stocks.
The top 10 market capitalization stocks showed mixed trends. Notable gains included SM +3.14%, HLB +2.13%, Celltrion Pharm +1.69%, and Celltrion Healthcare +1.22%. In the battery sector, the leading stock EcoPro closed steady at 128,000 KRW, while EcoPro BM fell 2.51% to 408,500 KRW.
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Lee Jaeman, a researcher at Hana Securities, analyzed, "The positive momentum in the U.S. stock market is having an impact," adding, "Most of the top market capitalization stocks rose, and along with the decline in secondary battery-related stocks, previously underperforming stocks have risen."
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