Foreigners' Net Buying Pushes KOSPI Back Above 2200... KOSDAQ Rises 1%

On the 17th, the KOSPI index opened at 2196.97, up 4.09 points (0.19%) from the previous day, as dealers were working in the Hana Bank dealing room in Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Geum Bo-ryeong] On the 17th, the KOSPI index recovered to the 2200 level, supported by net buying from foreign investors. The KOSDAQ index rose by more than 1%.

On that day, the KOSPI closed at 2201.19, up 17.43 points (0.80%) from the previous session.

The KOSPI opened at 2187.85, up 4.09 points (0.19%) from the previous trading day, and maintained its upward trend.

In the securities market, foreigners and institutions net bought 112.7 billion KRW and 36.6 billion KRW, respectively. Meanwhile, individuals net sold 107.7 billion KRW.

By sector, pharmaceuticals (2.68%), machinery (1.07%), and transportation equipment (3.27%) rose, while food and beverages (0.56%) and construction (0.92%) declined.

Among the top 10 companies by market capitalization, LG Chem (1.34%) and Samsung SDI (0.65%) fell. Meanwhile, Samsung Electronics (1.12%), SK Hynix (0.24%), Samsung Biologics (1.5%), NAVER (1.1%), Celltrion (4.13%), and Kakao (0.93%) rose.

The KOSDAQ closed at 783.22, up 8.15 points (1.05%) from the previous trading day.

The KOSDAQ opened at 776.97, up 1.9 points (0.25%) from the previous session, maintaining its strength.

In the KOSDAQ market, foreigners net bought 104.2 billion KRW. Meanwhile, individuals and institutions net sold 91.7 billion KRW and 6.6 billion KRW, respectively.

By sector, entertainment and culture (1.51%), telecommunications equipment (1.05%), and semiconductors (2.51%) rose, while information devices (1.18%) and paper and wood products (0.54%) declined.

Among the top market cap companies, Celltrion Healthcare (4.11%), Celltrion Pharm (1.82%), HL B (0.11%), Seegene (1.21%), and KMW (1.33%) rose, while Alteogen (0.45%), Pearl Abyss (1.21%), and CJ ENM (0.17%) declined.