KOSPI, Relief Rally for 2 Consecutive Trading Days... Closes Recovering Above 2600 Level
Foreigners and Institutions Buy Together... Top Market Cap Stocks Rise
The KOSPI continued its rise for the second consecutive trading day on the 12th, following last Friday, reclaiming the 2600 level based on the closing price.
On this day, the KOSPI closed at 2618.30, up 29.87 points (1.15%) from the previous session. The index opened 0.53% higher than the previous close, fluctuated throughout the session, and ended with a gain of over 1%.
By investor type, foreigners and institutions in the KOSPI market were net buyers of 76.4 billion KRW and 149 billion KRW respectively. Individuals sold off 206.3 billion KRW. In program trading, combined arbitrage and non-arbitrage trades recorded a net purchase of 90.9 billion KRW.
Major stocks by market capitalization mostly rose. Samsung Electronics (1.07%), SK Hynix (3.21%), LG Energy Solution (2.02%), Hyundai Motor (0.21%), Samsung Electronics Preferred (1.01%), Celltrion (2.04%), Kia (0.20%), KB Financial Group (0.73%), and POSCO Holdings (0.61%) all increased. However, Samsung Biologics fell by 1.04%.
Among individual stocks, SK Hynix showed a strong gain of over 3% supported by strength in artificial intelligence (AI) semiconductors. Korea Gas Corporation surged 11.59% following the announcement of strong second-quarter earnings and mention of possible dividends. Conversely, Hanssem dropped 5.41% due to an earnings shock, and Samyang Foods closed down 2.00% amid uncertainty over $100 million in exports.
The KOSDAQ index closed at 772.72, up 8.29 points (1.08%) from the previous session. The index started with a 0.36% gain, gave up some of the afternoon's gains, but then reversed to close higher.
Individuals were net buyers of 172.5 billion KRW, while foreigners and institutions were net sellers of 155.2 billion KRW and 16.3 billion KRW respectively.
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Top market cap stocks on the KOSDAQ showed mixed movements. Ecopro BM (0.45%), Alteogen (0.33%), HLB (0.73%), Enchem (6.92%), Ligand Chem Bio (6.43%), and Celltrion Pharm (3.00%) rose. Meanwhile, Ecopro (-0.55%), Samchundang Pharm (-2.50%), Hugel (-2.49%), and Classys (-0.90%) declined.
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