Individual sales exceed 1 trillion won, but foreign and institutional buying spree... KOSPI closes up 1.3%

KOSDAQ Also Narrows Losses, Closes Near 840

On the 11th, employees are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul.
[Photo by Yonhap News]

[Asia Economy Reporter Minwoo Lee] On the 11th, the KOSPI closed up more than 1.3%. Although individual investors sold off more than 1 trillion won, foreigners and institutions absorbed the sales, leading the index upward.

On that day, the KOSPI closed at 2,485.87, up 1.35% (33.04 points) from the previous day. It started at 2,459.50, up 0.59% from the previous day, and steadily widened its gains.

Foreigners and institutions showed strong buying. They net purchased 834.2 billion won and 401.8 billion won, respectively. On the other hand, individuals sold off 1.1888 trillion won worth of stocks.

Most sectors rose. The banking (4.38%) and securities (4.17%) sectors showed notable gains. They were followed by distribution (3.17%), finance (3.10%), construction (2.27%), and transportation and warehousing (2.25%). Paper and wood (-0.68%), food and beverages (-0.27%), and chemicals (-0.21%) declined.

Among the top 10 market capitalization stocks, Celltrion had the largest increase at 7.2%. Next were LG Household & Health Care (2.7%), Samsung Electronics (1.8%), Samsung Biologics (1.2%), Hyundai Motor (1.1%), and SK Hynix (0.5%). Meanwhile, Samsung SDI (-3.9%), LG Chem (-1.4%), NAVER (-1.0%), and Kakao (-0.1%) fell.

The KOSDAQ closed at 839.90, down 0.11% (0.89 points) from the previous day. It started at 840.89, up 0.01% from the previous day, and although it dropped to 829.53 shortly after opening, it gradually rebounded to close.

Unlike the KOSPI market, foreigners and institutions net sold 12.1 billion won and 58.5 billion won, respectively. Individuals bought 98.8 billion won.

The sectors that fell and rose were similar in number. Distribution (2.93%), transportation (2.27%), broadcasting services (1.97%), and telecommunications broadcasting services (1.86%) rose, while technology growth enterprises (-2.79%), non-metallic (-2.22%), and other services (-1.64%) declined.

Among the top 10 market capitalization stocks, six rose. Celltrion Pharm led with a 15.1% increase. Next were Celltrion Healthcare (5.2%), CJ ENM (2.2%), and Hugel (1.8%). Meanwhile, Seegene fell by -7.8%. Alteogen (-3.0%), EcoPro BM (-2.7%), and Kakao Games (-1.1%) also declined.