KOSPI Recovers to 2600 Level on Institutional Net Buying
The KOSPI recovered the 2600 level as it rose on net purchases by institutional investors.
As of 9:54 a.m. on the 11th, the KOSPI recorded 2,611.59, up 12.43 points (0.48%) from the previous trading day.
On the 10th (local time) in the New York stock market, the Dow Jones Industrial Average, centered on blue-chip stocks, closed at 42,454.12, down 57.88 points (0.14%) from the previous trading day.
The S&P 500 index, focused on large-cap stocks, fell 11.99 points (0.21%) to 5,780.05, and the Nasdaq index, centered on technology stocks, also closed down 9.57 points (0.05%) at 18,282.05.
The U.S. inflation rate announced that day exceeded expectations, increasing uncertainty surrounding the interest rate path.
By investor type, institutions and individuals net purchased 86.8 billion KRW and 100.6 billion KRW, respectively. Foreigners net sold 197.8 billion KRW.
By sector, construction and distribution rose more than 1%. Meanwhile, textiles and apparel and food and beverages showed slight declines.
Among the top market capitalization stocks, Samsung Electronics closed at 59,600 KRW, up 700 KRW (1.19%) from the previous trading day. Samsung SDI also rose 3.11%. In contrast, LG Energy Solution fell 1.52%.
The KOSDAQ recorded 777.93, up 2.45 points (0.32%) from the previous trading day.
By investor type, foreigners and institutions net purchased 24 billion KRW and 10.7 billion KRW, respectively. Meanwhile, individuals net sold 27.9 billion KRW.
By sector, non-metallic minerals, finance, and other services rose more than 1%. In contrast, distribution fell 1.05%.
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Among the top market capitalization stocks, Alteogen recorded 379,500 KRW, up 10,500 KRW (2.85%) from the previous trading day. Hugel and HPSP rose 7.02% and 6.85%, respectively. Samchundanje Yak rose 5.43%, and EcoPro BM and EcoPro both increased by more than 1%. In contrast, HLB fell 8.46%, and Silicon Two also dropped 4.41%.
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