KOSPI Extends Gains on Foreign Buying, Recovers to '3180 Level'

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the afternoon of the 14th, the KOSPI recovered the '3080 level' and expanded its upward trend.

As of 1:52 PM that day, the KOSPI stood at 3180.97, up 11.89 points (0.38%) from the previous trading day. The index started at 3169.95, up 0.87 points (0.03%) from the previous close, and continued to fluctuate around the 3170 level.

By supply and demand, foreigners led the index with a net purchase of 115 billion KRW alone. Individuals and institutions net sold 82.1 billion KRW and 39.6 billion KRW, respectively.

Among the top market capitalization stocks, LG Chem recorded the highest increase, rising 3%. NAVER (1.03%), Samsung Biologics (1.28%), and Hyundai Motor (1.74%) also showed strength. On the other hand, Samsung Electronics and SK Hynix fell by -0.12% and -1.43%, respectively. This is interpreted as being influenced by the overnight decline of major semiconductor stocks such as Micron in the US stock market.

At the same time, the KOSDAQ stood at 1015.70, up 5.33 points (0.53%) from the previous trading day. In the market, individuals net purchased 48.1 billion KRW. Foreigners and institutions net sold 10.7 billion KRW and 17.1 billion KRW, respectively.

Among the top 10 by market capitalization, Celltrion Healthcare (0.44%) and Celltrion Pharm (2.27%) rose. Meanwhile, Kakao Games (-0.18%), Seegene (-1.01%), and HL Biopharma (-0.28%) declined.