KOSPI Rises Over 1% in Afternoon Amid Institutional Net Buying

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] Thanks to the net buying by institutions, the KOSPI and KOSDAQ indices continue to show an upward trend in the afternoon.

At 1:57 PM on the 27th, the KOSPI stood at 2637.48, up 0.96% (25.03 points) from the previous trading day. The index started the session strongly, rising 1.08% (28.30 points) to 2640.75 compared to the previous day, and maintained its upward momentum into the afternoon.

Institutional net buying played a significant role in the KOSPI's performance today. Institutions purchased stocks worth 469.5 billion KRW, and foreigners also net bought stocks worth 99.4 billion KRW. Meanwhile, individuals sold stocks worth 567.7 billion KRW alone.

Looking at the top market capitalization stocks, most showed gains. Samsung Electronics traded at 66,500 KRW, up 0.91%. SK Hynix (2.91%), NAVER (1.5%), Samsung SDI (1.2%), Hyundai Motor (1.09%), LG Chem (3%), and Kakao (0.25%) rose, while Samsung Biologics (-1.07%) declined.

At the same time, the KOSDAQ index stood at 875.10, up 0.42% (3.67 points) from the previous trading day. Regarding investment trends, individuals and institutions bought stocks worth 9,105.8 billion KRW and 45.8 billion KRW respectively, while foreigners sold stocks worth 154.4 billion KRW alone.

Among the top market capitalization stocks, EcoPro BM (0.28%), Celltrion Healthcare (0.06%), Celltrion Pharm (0.51%), Wemade (0.75%), and CJ ENM (0.27%) rose, while L&F (-1.78%), HLB (-3.15%), Kakao Games (-0.17%), Pearl Abyss (0.16%), and Rino Industries (-2.98%) declined.