[Asia Economy Reporter Ji Yeon-jin] The KOSPI index successfully rebounded on the 1st, reclaiming the 3000-point level.
On that day, the KOSPI closed at 3056.52, up 80.44 points (2.7%) from the previous session. Although it had risen to 3208.99 on the closing basis on the 25th of last month, it declined for four consecutive days, retreating to 2976.21 on the 29th, but recovered the 3000 level in just one day.
The rise in the KOSPI index on that day was driven by institutional investors and foreigners. While individual investors, who had led the stock market last month, sold off about 782.9 billion KRW, institutions bought 690.1 billion KRW and foreigners purchased 132.6 billion KRW.
The KOSDAQ also closed at 956.95, up 3.04% (28.22 points) from the previous session. After breaking through 1000 intraday on the 26th of last month and continuing a downward trend, it rebounded after four days. On that day, individual investors sold off 525.2 billion KRW worth of stocks, but foreigners and institutions net bought 369 billion KRW and 176 billion KRW respectively.
Foreigners bought the most shares of Celltrion in the stock market that day, followed by technology stocks such as NCSoft, Celltrion Healthcare, SK Hynix, and SK Telecom. In the KOSDAQ market, HL Biotech, the stock with the largest short-selling balance, was also net purchased for about 11.6 billion KRW.
Institutions bought the most of KODEX 200 Futures Inverse 2X, which profits when the KOSPI index falls, with net purchases of 79.2 billion KRW. Institutions also scooped up KODEX Inverse, Naver (NAVER), SK Innovation, and Daehan Petrochemical.
The top 10 stocks by market capitalization all rose on that day. Celltrion, which attracted foreign investment, jumped 14.51%, and Kia Motors also rose 9.09%, recovering to 90,000 KRW. Kakao, which showed a downward trend in the early session, fluctuated and closed up 0.11%.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
