KOSPI Ends Above 3230 on Foreign and Institutional Buying... KOSDAQ Declines

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] The KOSPI index edged up, buoyed by net purchases from foreigners and institutions, successfully rebounding after a day. Meanwhile, the KOSDAQ, which had been rising alongside, reversed into a decline in the afternoon and closed lower.

According to the Korea Exchange on the 27th, the KOSPI closed at 3,232.53, up 7.58 points (0.24%) from the previous trading day. The index opened at 3,244.43, up 19.48 points (0.60%) from the previous session, even managing to recover the 3,250 level during the day. However, influenced by a sharp 2.36% drop in the Hong Kong stock market in the afternoon, it gave back much of the gains and closed lower.

By investor type, foreigners and institutions led the index rise with net purchases of 46.9 billion KRW and 227 billion KRW, respectively. Only individual investors sold net 279 billion KRW.

Among the top 10 KOSPI stocks by market capitalization, Samsung Electronics (-0.38%), SK Hynix (-0.85%), and Celltrion (-0.19%) declined. On the other hand, Samsung SDI (3.12%), LG Chem (2.20%), Samsung Biologics (1.57%), Kakao (0.34%), and Hyundai Motor (0.22%) rose.

The KOSDAQ closed at 1,046.55, down 1.08 points (0.10%) from the previous day.

Individual investors bought net 102.8 billion KRW, while foreigners and institutions sold net 59.6 billion KRW and 38 billion KRW, respectively.

Among the top market cap stocks, performances were mixed. Alteogen (-1.79%), HLB (-1.59%), CJ ENM (-1.25%), EcoPro BM (-0.53%), Celltrion Healthcare (-0.44%), and Celltrion Pharm (-0.34%) declined. Meanwhile, Kakao Games (1.58%), Seegene (1.22%), Pearl Abyss (0.25%), and SK Materials (0.25%) rose.