KOSPI Reclaims 2600 Level After 25 Trading Days... Foreigners and Institutions 'Buy'
POSCO Holdings Closes Up 5.61%
The KOSPI regained the 2600 level for the first time in 25 trading days, driven by 'buying' from foreigners and institutions.
On the 15th, the KOSPI closed at 2601.28, up 1.10% (28.39 points) from the previous day. The index opened at 2574.98, up 0.08% (2.09 points) from the previous day, and showed a steady trend throughout the day.
Foreigners and institutions net bought 47.8 billion KRW and 1.0681 trillion KRW, respectively. Individuals net sold 1.1278 trillion KRW. In the futures market, foreigners purchased 1.651 trillion KRW, while individuals and institutions sold 679.2 billion KRW and 629.6 billion KRW, respectively.
Among the top 10 stocks by market capitalization, most showed gains. POSCO Holdings rose 5.61% to close at 584,000 KRW. LG Chem +3.62%, NAVER +1.77%, LG Energy Solution +1.18%, and Kia +1.14% were also notable. On the other hand, Samsung SDI was the only stock to close down, falling 0.51%, while Samsung Biologics closed flat.
The KOSDAQ closed at 899.03, down 0.05% (0.44 points) from the previous day. It opened at 900.62, up 0.13% (1.15 points), but soon turned downward. Foreigners and institutions net sold 154.6 billion KRW and 13.9 billion KRW, respectively, pulling the index down. Only individuals net bought 181.8 billion KRW.
Among the top 10 stocks by market capitalization on the KOSDAQ, most declined. Rainbow Robotics plunged 8.46%, ranking first in decline rate. SM Entertainment -2.87%, EcoPro BM -1.75%, EcoPro -1.55%, and JYP Entertainment -1.34% also showed notable declines.
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Lee Kyung-min, a researcher at Daishin Securities, explained, "The large-scale net buying of futures by foreigners expanded the net buying of spot stocks by institutions, increasing upward pressure on the stock market. The successful listing of ARM improved investor sentiment toward tech stocks, and positive surprises in China's real economy indicators also contributed positively."
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