KOSPI and KOSDAQ Close Higher for 3 Consecutive Trading Days

Foreigners and Institutions Buy KOSPI for 2 Consecutive Trading Days
US Employment Data Tonight to Influence Short-Term Direction

Securities company app, stock trading scene. Photo by Hyunmin Kim kimhyun81@

The KOSPI and KOSDAQ closed higher for the third consecutive trading day. The KOSPI saw foreign investors continue their 'buying' trend for the second consecutive day.

On the 3rd, the KOSPI closed at 2,368.34, up 1.08% (25.22 points) from the previous day. The KOSPI started the day at 2,365.59, up 0.96% (22.47 points), and maintained a steady upward trend.

Foreign investors and institutions net bought 134.1 billion KRW and 162.3 billion KRW respectively, while individual investors alone net sold 301.6 billion KRW. In the futures market, individuals and foreign investors bought 9.2 billion KRW and 259.4 billion KRW respectively. On the other hand, institutions sold 276.8 billion KRW. Foreign investors returned to a 'buying' stance after nine trading days the previous day and continued their net buying in the KOSPI market today.

Most of the top market capitalization stocks ended higher. Samsung Electronics fell 0.14%, Samsung Biologics dropped 0.98%, and Kia declined 1.15%. NAVER rose 5.08%, LG Chem increased 3.40%, LG Energy Solution gained 2.68%, and POSCO Holdings went up 2.46%.

The KOSDAQ also closed higher at 782.05, up 1.19% (9.21 points) from the previous day. It started the day at 779.28, up 0.83% (6.44 points), and then widened its gains. Individual investors alone net bought 145.1 billion KRW, driving the index. Meanwhile, foreign investors and institutions net sold 120.6 billion KRW and 45.4 billion KRW respectively.

Among the top 10 market capitalization stocks, the trend was mixed. EcoPro fell 1.85%, HLB dropped 1.52%, and JYP Entertainment declined 2.33%, while POSCO DX closed flat. EcoPro BM rose 5.99%, L&F gained 2.96%, Pearl Abyss increased 2.75%, and Rainbow Robotics surged 6.91%.

Lee Kyung-min, a researcher at Daishin Securities, said, "Following the November Federal Open Market Committee (FOMC) meeting, the positive impact continues, and with the U.S. Treasury yields visibly declining, a favorable investment environment has been created for the stock market." He added, "Whether this rebound will continue to gain momentum in the short term will largely depend on tonight's U.S. employment data."

He continued, "The average hourly wage growth rate is expected to slow to 4.0% year-on-year from 4.2% the previous month. If the results come out as consensus expects, the market can once again anticipate a scenario of bond yield levels declining further and additional stock market rebounds."

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