KOSPI Rises for 4 Consecutive Trading Days... Institutions Drive the Increase

by Jang Hyowon

Published 13 Dec.2024 15:54(KST)

On the 13th, one day before the impeachment vote, the domestic stock market, which had been rising for three consecutive days, started with a slight decline. The KOSPI opened at 2473.75 points, down 5.62 points, and remained steady, while the KOSDAQ rose slightly. The won-dollar exchange rate increased slightly, maintaining the 1430 won range. Stock prices and exchange rates are displayed in the dealing room at the Hana Bank headquarters in Euljiro, Seoul. Photo by Heo Young-han

The KOSPI index closed higher for the fourth consecutive trading day, supported by net buying from institutional investors.

On the 13th, the KOSPI index closed at 2,494.46, up 12.34 points (0.5%) from the previous day. Trading volume was 568.98 million shares, and the trading value was tentatively estimated at 8.7268 trillion KRW.

By investor type, institutions were net buyers with 139.7 billion KRW, while foreigners and individuals were net sellers with 174 billion KRW and 81.8 billion KRW, respectively. In the futures market, institutions and foreigners were net sellers of 56.1 billion KRW and 74.5 billion KRW, respectively, while individuals were net buyers of 28.2 billion KRW. Program trading saw net selling of 10.9 billion KRW in arbitrage trading and 313.9 billion KRW in non-arbitrage trading.

The KOSPI index, which had shown strength for three consecutive trading days, started weaker due to the decline in the New York stock market the previous day amid inflation concerns following the rise in the U.S. Producer Price Index (PPI). Initially expected to show a pause, the KOSPI index successfully turned positive during the session, driven by strong net buying from institutions.

Most sectors rose. Pharmaceuticals increased by 2.96%, construction by 2.25%, textiles and apparel by 1.77%, transportation equipment by 1.47%, telecommunications by 1.28%, medical precision instruments by 1.27%, non-metallic minerals by 1.13%, transportation and warehousing by 1.07%, paper and wood by 1.02%, services by 0.84%, chemicals by 0.49%, and manufacturing by 0.41%. On the other hand, steel and metals fell 4.2%, insurance -2.14%, securities -0.21%, finance -0.18%, and machinery -0.17%.

Top market capitalization stocks showed mixed movements. Samsung Electronics rose 0.36%, Samsung Biologics 2.92%, Hyundai Motor 1.65%, Celltrion 4.6%, Kia 0.93%, and NAVER 0.96%. Conversely, SK Hynix declined 0.34%, LG Energy Solution -1.11%, KB Financial -2.3%, Korea Zinc -9.99%, Shinhan Financial Group -2.17%, and Hyundai Mobis -1.01%.

On the same day, the KOSDAQ index rose, driven by net buying from foreigners, institutions, and individuals. The KOSDAQ index closed at 693.73, up 10.38 points (1.52%) from the previous day. By investor type, institutions were net buyers of 1.3 billion KRW, foreigners 4.1 billion KRW, and individuals 28.3 billion KRW.

Among the top market capitalization stocks, more stocks rose. Alteogen increased 1.44%, EcoPro 1.12%, HLB 2.42%, Rigacombio 1.19%, Classys 3.14%, JYP Ent. 2.77%, and Rino Industrial 0.99%. Meanwhile, EcoPro BM fell 2.89%, Hugel -1.62%, and Enchem -8.53% closed weaker.