KOSPI Maintains '3250 Level' on Net Buying by Foreigners and Institutions... Closing Price Hits New Record High

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] The KOSPI reached the 3,250 level during the session on the 3rd, supported by net buying from foreigners and institutions. Attention is focused on whether it can surpass the previous closing high of 3,249.30 points recorded on the 10th of last month.

As of 1:58 PM on the day, the KOSPI was at 3,253.16, up 28.93 points (0.90%) from the previous trading day. The KOSPI rose as high as 3,258.50 during the session, marking the second-highest level after January 11 (intraday high of 3,266.33). The index opened at 3,224.96, up 0.73 points (0.02%), and expanded its gains.

By investor type, foreigners and institutions net bought 180.3 billion KRW and 469.2 billion KRW, respectively. Meanwhile, individuals net sold 653.6 billion KRW.

All of the top 10 market capitalization stocks showed strength. Samsung Electronics (2.48%), SK Hynix (2.78%), LG Chem (0.62%), and NAVER (0.55%) all rose.

At the same time, the KOSDAQ recorded 990.90, up 9.80 points (1.00%) from the previous trading day. The index opened at 981.52, up 0.42 points (0.04%), continuing its upward trend.

On the KOSDAQ, foreigners were the sole net buyers with 115.9 billion KRW. Individuals and institutions net sold 93.8 billion KRW and 6.8 billion KRW, respectively.

Among the top 10 market capitalization stocks on the KOSDAQ, most showed gains. Kakao Games (3.18%), Celltrion Healthcare (1.02%), and Celltrion Pharm (0.74%) rose. On the other hand, Pearl Abyss (-1.86%) and HL Biopharma (-0.15%) showed weakness.