Inflow of Bargain Hunting... KOSPI Closes Strongly Above 2300 Mark

On the 27th, the KOSPI index barely held above the 2300 level, closing with a slight gain.

On that day, the KOSPI index closed at 2303.81, up 3.73 points (0.16%) from the previous session. Individuals and institutions were net buyers of 100.3 billion KRW and 222 billion KRW respectively, while foreigners were net sellers of 379.7 billion KRW.

Among the top market capitalization groups in the KOSPI market, Samsung SDI closed at 452,000 KRW, up 6.86% from the previous session. LG Chem also showed strength, rising 2.93%. Despite strong earnings, Hyundai Motor (-2.17%) and Kia (-1.60%) closed lower.

Kim Seok-hwan, a researcher at Mirae Asset Securities, said, "The inflow of bargain buying led to increases in both the KOSPI and KOSDAQ indices," adding, "Although the KOSPI recovered the 2300 level, the rise was limited due to continued net selling by foreigners." He also noted, "The entertainment and secondary battery sectors, which had plunged the previous day, rose due to rebound buying."

The KOSDAQ index closed at 748.49, up 4.64 points (0.62%). Individuals were net sellers of 109.1 billion KRW, while foreigners and institutions were net buyers of 13.1 billion KRW and 91.4 billion KRW respectively.

Most of the top market capitalization groups in the KOSDAQ ended higher. POSCO DX (8.12%), HPSP (4.76%), JYP Ent. (3.29%), and L&F (3.01%) all closed up.

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1355.9 KRW, down 4.1 KRW from the previous session.

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