KOSPI Rises on Strong Foreign Buying Pressure

by Jang Hyowon

Published 04 Sep.2023 15:52(KST)

[Image source=Yonhap News]

The KOSPI index closed higher, supported by net buying from foreign investors.

On the 4th, the KOSPI index closed at 2,584.55, up 20.84 points (0.81%) from the previous day. The trading volume was 337.3 million shares, and the trading value was recorded at 8.5762 trillion KRW.

By investor type, institutions and individuals net sold 42.2 billion KRW and 389.2 billion KRW respectively, while foreigners net bought 412.9 billion KRW, driving the index upward. In program trading, there was a net purchase of 2.9 billion KRW in arbitrage trading and a net sale of 95 billion KRW in non-arbitrage trading.

Most sectors rose. Steel and metals increased by 4.29%, chemicals by 2.07%, construction by 1.44%, non-metallic minerals by 1.22%, medical precision by 1.14%, distribution by 1.11%, manufacturing by 0.96%, securities by 0.95%, and transportation and warehousing by 0.87%. On the other hand, paper and wood fell by 0.84%, insurance by 0.28%, and services by 0.2%.

Among the top market capitalization stocks, Samsung Electronics rose 0.28%, LG Energy Solution 1.53%, Samsung Biologics 0.41%, POSCO Holdings 5.36%, Samsung SDI 2.35%, LG Chem 2.81%, and POSCO Future M 2.32%. Conversely, SK Hynix fell 0.67%, and Hyundai Motor and NAVER also closed lower.

On the same day, the KOSDAQ index closed at 919.16, down 0.58 points (0.06%) from the previous day. By investor type, institutions and foreigners net sold 35.5 billion KRW and 3.2 billion KRW respectively, while individuals net bought 45 billion KRW.

Among the top market capitalization stocks, EcoPro BM and EcoPro closed down 0.32% and 5.77% respectively, and Rainbow Robotics also closed near flat. On the other hand, POSCO DX rose 12.36%, Celltrion Healthcare 0.46%, and L&F 1.44% showed strength.