KOSPI, Institutions and Foreigners 'Joint Buying'... Closes Above 2700 After 7 Trading Days

Institutions and Foreigners Net Buy Total 444.2 Billion KRW
SK Hynix Rises Over 7%, Influenced by Nvidia
Semiconductors, Secondary Batteries, and Financial Sectors Close Strong

The KOSPI index closed above the 2700 mark for the first time in seven trading days, supported by 'twin' buying from institutions and foreigners.

[Image source=Yonhap News]

On the 7th, the KOSPI closed at 2722.67, up 33.17 points (1.23%) from the previous session. The KOSPI started at 2718.25, up 28.75 points (1.07%) from the previous day, reached a high of 2729.63 after the opening, then fell to a low of 2705.23 as buying momentum decreased. The index hovered around the 2710 level before additional buying surged near the end of the session, settling above 2720. This is the first time since the 28th of last month (2722.99) that the KOSPI closed above 2700.

By investor type, institutions purchased 157.7 billion KRW, and foreigners bought 286.5 billion KRW, totaling 444.2 billion KRW. Foreigners continued their buying streak for two consecutive trading days, while institutions switched from selling to buying after three days. Conversely, individuals sold a net 467 billion KRW.

By sector, financials (2.35%), food and beverages (1.81%), and electrical and electronics (1.61%) showed strength. On the other hand, the electric and gas sector, which includes 'presidential theme stocks' related to East Sea oil fields, retreated 3.62%, and non-metallic minerals also fell 0.73%. Additionally, paper and wood (-0.49%) and pharmaceuticals (-0.12%) were weak, while all other sectors rose.

Among the top 10 market capitalization stocks, SK Hynix rose more than 7%, up 7.12%. This is interpreted as influenced by the rising stock price of Nvidia, which supplies high-bandwidth memory (HBM) to SK Hynix. LG Energy Solution (2.13%), Kia (1.34%), POSCO Holdings (1.44%), and KB Financial Group (2.84%) also showed positive trends. Semiconductor, secondary battery, and financial stocks rose evenly. Samyang Foods, the leader in food and beverages, rose 3.79% again to a record high following news of factory line expansion, while Ottogi (4.72%) and Wooyang (29.93%) also hit 52-week highs. However, Samsung Electronics, the leading stock in the domestic market, reversed to a decline during the session and closed down 0.13%.

Lee Jaewon, a researcher at Shinhan Investment Corp., said, "The KOSPI aligned with the global stock markets that hit new highs during the holiday period amid falling interest rates," adding, "Foreign capital flowed in massively due to declines in interest rates and the won-dollar exchange rate." The won-dollar exchange rate closed at 1365.3 KRW, down 7.7 KRW from the previous session.

The KOSDAQ index closed at 866.18, up 15.43 points (1.81%).

By investor type, foreigners alone purchased 325.5 billion KRW, while individuals sold 303.7 billion KRW and institutions sold 36.6 billion KRW.

794 stocks closed higher, 734 stocks closed lower, and 119 stocks were unchanged. Among the top market cap stocks, Alteogen (13.03%) showed strength, briefly rising to second place in KOSDAQ market capitalization during the session. Due to the strong performance of secondary battery stocks, Alteogen fell back to third place. EcoPro BM (9.36%) and EcoPro (6.86%), ranked first and second in KOSDAQ market cap, respectively, both recorded gains exceeding 5% for the first time in a while. Silicontu (6.02%) and Hugel (7.20%) were also strong. On the other hand, Enchem (-5.09%), Pearl Abyss (-2.19%), EO Technics (-1.88%), and SM (-2.34%) closed lower.

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