KOSPI Recovers to 2400 Level After 5 Days on Net Buying by Foreigners and Institutions

KOSDAQ Rises for 3 Consecutive Days, Approaching 900 Level Closely

[Image source=Yonhap News]

[Asia Economy Reporter Koo Eun-mo] The KOSPI index recovered to the 2400 level for the first time in five trading days, driven by simultaneous net buying from foreign and institutional investors. The KOSDAQ index also continued its upward trend for the third consecutive trading day, approaching the 900 mark.

On the 14th, the KOSPI closed at 2,427.91, up 31.22 points (1.30%) from the previous day. The KOSPI started the day higher and maintained a steady gain of over 1% throughout the session, closing after three consecutive days of gains.

Looking at trading trends by participant, foreign and institutional investors led the index rise with net purchases of 144.2 billion KRW and 96.2 billion KRW, respectively. In contrast, individual investors sold off 288.5 billion KRW, realizing profits.

By sector, transportation equipment (3.93%), transportation and warehousing (2.22%), and electrical and electronics (2.03%) rose, while food and beverages (-0.51%), pharmaceuticals (-0.49%), and services (-0.21%) declined.

Among the top market capitalization stocks, Hyundai Motor (4.96%), Hyundai Mobis (2.88%), Samsung Electronics (2.37%), SK Telecom (2.06%), and SK Hynix (2.04%) rose, whereas Kakao (-1.45%), NAVER (-0.98%), and Celltrion (-0.84%) fell.

On the KOSPI market that day, 645 stocks rose, including 9 stocks hitting the upper price limit, while 218 stocks declined with no stocks hitting the lower price limit. 48 stocks remained unchanged.

The KOSDAQ index also continued its upward trend for the third consecutive trading day. Although it initially turned down early in the session, it soon reversed to an upward trend and maintained a steady gain of around 0.5% before closing. The KOSDAQ closed at 894.17, up 5.73 points (0.64%) from the previous trading day.

In terms of trading participants, unlike the KOSPI market, individual investors led the index rise with net purchases of 202.6 billion KRW. Meanwhile, institutional and foreign investors sold 126.5 billion KRW and 13.8 billion KRW, respectively.

By sector, paper and wood (8.23%), transportation equipment and parts (4.53%), and chemicals (2.56%) rose, while digital content (-3.08%), information devices (-1.06%), and pharmaceuticals (-0.61%) declined.

Among the top market capitalization stocks, HLB (5.43%), CJ ENM (3.15%), EcoPro BM (2.74%), and SK Materials (1.46%) rose. Conversely, Kakao Games (-9.00%), Hugel (-3.60%), and Celltrion Pharm (-2.05%) fell.

On the KOSDAQ market that day, 864 stocks rose, including 5 stocks hitting the upper price limit, while 428 stocks declined with no stocks hitting the lower price limit. 68 stocks remained unchanged.