Institutions' 2.2 Trillion Won Buying Relay After 'Martial Law Incident'... KOSPI Closes at 2440 Level
Machinery Equipment and IT Services Strengthen... NAVER and KB Financial Rise
Institutions Net Buyers for 11 Consecutive Trading Days... Even Limited to Post-Gyeom, Scale of 2.2 Trillion Won
KOSDAQ, Which Rose Over 5% the Previous Day, Continues 2% Gains
The KOSPI index, which had slumped following the martial law incident, succeeded in rebounding for two consecutive trading days.
On the 11th, the KOSPI closed at 2442.51, up 24.67 points (1.02%) from the previous trading day. The KOSPI index opened at 2412.15, down 5.69 points (0.24%) from the previous day, but buying demand flowed in after the opening, reversing the decline to rise above the previous day's closing price. In the afternoon, buying demand expanded, and the index ultimately closed above the 2440 level.
By investor type, institutions continued their net buying for the 11th consecutive trading day, purchasing 176.7 billion KRW. Even counting from the 4th, after the 'martial law incident,' the total net buying amount reached 2.2259 trillion KRW as of this day. On the other hand, individuals, who had been net buyers until the morning, sold 123.5 billion KRW, and foreigners sold 141.1 billion KRW, respectively.
By sector, machinery equipment (3.34%), IT services (3.25%), paper and wood (3.11%), and medical precision (3.09%) showed particularly strong performance. Only two sectors, entertainment culture (-0.14%) and metals (-2.86%), declined.
812 stocks rose, 102 stocks fell, and 24 stocks closed unchanged. Among the top 10 stocks by market capitalization, Samsung Biologics (-1.04%), LG Energy Solution (-1.82%), Hyundai Motor (-0.71%), and Korea Zinc (-8.49%) declined, while the remaining six stocks rose. NAVER (4.31%) and KB Financial (2.52%) showed especially strong trends.
Lee Jaewon and Jo Mingyu, researchers at Shinhan Investment Corp., said, "Like in the U.S., Korea's economically sensitive stocks, which had expanded gains the previous day, declined, and it is necessary to confirm the stimulus measures from the Central Economic Work Conference to be announced tomorrow." They added, "It should also be noted that today's U.S. consumer price index announcement is an important indicator that could affect the current consensus (85.8% probability of a rate cut in December)."
The KOSDAQ index closed at 675.92, up 14.33 points (2.17%) from the previous day. Following a rise of over 5% the day before, it showed a steady upward trend.
By investor type, individuals alone purchased 109.4 billion KRW. In contrast, foreigners and institutions sold 74.0 billion KRW and 36.7 billion KRW, respectively.
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1466 stocks rose, 188 stocks fell, and 37 stocks were unchanged. Among the top 10 stocks by market capitalization, Sinseong Delta Tech (18.09%) and Classys (3.46%) recorded high gains. Meanwhile, KOSDAQ leaders Alteogen (-3.14%), Enchem (-1.78%), and Rigakem Bio (-1.17%) closed weaker.
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