KOSPI Touches 3200 Intraday "Foreigners and Individuals Buying"... KOSDAQ Takes a Breather

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] The KOSPI closed higher due to net buying by individuals and foreigners. It also surpassed the 3200 mark during the session.

On the 15th, the KOSPI index closed at 3,194.33, up 11.95 points (0.38%) from the previous trading day. The KOSPI opened at 3,180.73, down 1.65 points (0.05%) from the previous day.

Individuals bought stocks worth 279.5 billion KRW in the KOSPI market, returning to net buying after three trading days. Foreigners showed a net buying advantage of 265.7 billion KRW. Conversely, institutions sold stocks worth 582.4 billion KRW.

By sector, telecommunications (2.06%), services (1.85%), steel and metals (1.59%), and finance (0.87%) showed strength. Textile and apparel (-2.56%), distribution (-0.99%), and food and beverage (-0.91%) declined.

Among the top market capitalization stocks, Samsung Electronics closed at 84,100 KRW, up 0.12% from the previous day. Most others, including SK Hynix (0.36%) and Naver (-0.13%), remained flat. Kakao, trading for the first time after a stock split, surged 7.59% to close at 120,500 KRW. Celltrion (-1.75%), Kia (-0.93%), and Hyundai Motor (-0.86%) declined.

The KOSDAQ index recorded 1,013.90, down 0.52 points (0.05%) from the previous day. The index opened at 1,014.34, down 0.08 points (0.01%) from the previous day. Individuals bought stocks worth 138.4 billion KRW in the KOSDAQ market, while foreigners and institutions recorded net selling of 60.4 billion KRW and 47.3 billion KRW, respectively.

By sector, pharmaceuticals (1.54%), medical/precision instruments (1.48%), and paper and wood (1.30%) rose. Publishing and media reproduction (-2.95%), finance (-2.26%), and computer services (-2.25%) declined.

Among the top market capitalization stocks, Seegene (3.79%), Kakao Games (2.50%), and Studio Dragon (0.86%) rose. Alteogen (-2.05%), Genexine (-0.95%), and Celltrion Pharm (-0.58%) fell.

Kiwoom Securities researcher Kim Yumi said, "The domestic stock market is expected to experience a short-term differentiated market by individual stocks."