Korean Stock Market Pauses for Breath, Closes Higher on Foreign and Institutional Buying

KOSPI Briefly Surpasses 4,000 During Session
Foreign and Institutional Investors Continue Consecutive Net Buying

The KOSPI closed higher for the third consecutive trading day. The upward momentum from the U.S. stock market carried over, and the market appears to be consolidating its base as it absorbs profit-taking following recent sharp gains.

On November 27, the KOSPI ended trading at 3,986.91, up 0.66% from the previous day. After opening slightly higher at 3,989.45, the index briefly surpassed the 4,000 mark again, but the enthusiasm subsided somewhat in the afternoon. Nevertheless, the market managed to finish higher for the third straight session.

By investor type, net purchases by foreign investors and institutions supported the index. Foreign investors bought a net 149.1 billion won, while institutions purchased a net 456.5 billion won. Institutions have continued their net buying streak for seven consecutive trading days since the 19th, and foreign investors also ended their net selling streak, posting net purchases for the second consecutive day. In contrast, individual investors sold a net 616.2 billion won.

The ratio of rising to falling sectors was similar. Sectors such as metals (up 3.77%), entertainment and culture (up 2.49%), electrical and electronics (up 1.58%), and manufacturing (up 1.01%) showed strength. On the other hand, IT services (down 2.17%), electricity and gas (down 1.20%), securities (down 0.90%), and general services (down 0.89%) declined.

Among the top 10 stocks by market capitalization, SK Hynix saw the most notable increase, rising 4.5%. Samsung Electronics (up 0.5%), LG Energy Solution (up 0.5%), and Kia (up 0.5%) also gained. Conversely, Hanwha Aerospace (down 0.9%), KB Financial Group (down 0.8%), and HD Hyundai Heavy Industries (down 0.3%) declined.

The KOSDAQ also closed higher, ending at 880.06, up 0.31% from the previous day. After opening slightly higher at 879.44 and experiencing fluctuations, the index managed to hold above the 880 level.

In contrast to the KOSPI market, individual investors alone recorded net purchases of 181.7 billion won on the KOSDAQ. Foreign investors and institutions posted net sales of 104.4 billion won and 43.4 billion won, respectively.

Most sectors on the KOSDAQ market rose. Several sectors, including transportation equipment and parts (up 2.80%), entertainment and culture (up 1.84%), machinery and equipment (up 1.46%), textiles and apparel (up 1.28%), and other manufacturing (up 1.00%), posted gains of over 1%. Finance (down 1.54%) and telecommunications (down 1.46%) declined.

Among the top 10 stocks by market capitalization, performances were mixed. Rainbow Robotics (up 2.6%), ABL Bio (up 0.8%), Samchundang Pharm (up 0.7%), Leeno Industrial (up 0.6%), and Alteogen (up 0.5%) rose. The declines among the falling stocks were relatively large. Peptone (down 3.1%), Rigakem Bio (down 2.9%), Ecopro BM (down 1.9%), and Ecopro (down 1.9%) were among the stocks that fell by more than 1%.

On the 27th, the KOSPI index is displayed in the dealing room at Shinhan Bank headquarters on Sejong-daero, Seoul. Provided by Shinhan Bank

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