KOSPI Rises Over 1.5% Driven by Institutional and Foreign Buying Pressure

[Asia Economy Reporter Minji Lee] The KOSPI showed a rise of over 1.5% driven by buying from institutions and foreigners.

At 1:48 PM on the 13th, the KOSPI stood at 2183.75, up 1.51% (32.54 points) from the previous session. The index opened at 2170.51, up 0.94% (20.26 points) from the previous close, and then showed a rise of over 1% as institutions and foreigners increased their buying. In the KOSPI market, foreigners and institutions purchased stocks worth 97 billion KRW and 93.1 billion KRW respectively. Individuals sold stocks worth 183.8 billion KRW on their own.

[Image source=Yonhap News]

By sector, Electric and Gas Utilities (5.36%), Securities (4.20%), Transportation Equipment (4.08%), and Banks (3.03%) showed the highest gains. Among the top market capitalization stocks, Samsung Electronics (1.7%), Samsung Biologics (0.1%), Celltrion (0.4%), LG Chem (1.8%), and Samsung SDI (0.1%) rose. On the other hand, SK Hynix (-0.1%), Naver (-0.6%), and Kakao (-0.8%) declined.

At the same time, the KOSDAQ index stood at 773.23, up 0.57% (4.42 points) from the previous session. The index opened at 777.92, up 0.66% (5.11 points) from the previous close. In the KOSDAQ market, individuals alone bought stocks worth 165.1 billion KRW. Foreigners and institutions sold stocks worth 88.4 billion KRW and 61.3 billion KRW respectively.

By sector, Information Devices (1.86%), Telecommunication Services (1.82%), Metals (1.60%), and Publishing & Media Replication (1.48%) showed the highest gains. Among the top market capitalization stocks, Celltrion Pharm (0.8%), Seegene (4%), and KMW (2.7%) rose.