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Foreign and Institutional Buying Drives KOSPI Up Over 1%... Above 2450 Level

[Asia Economy Reporter Lee Jung-yoon] The KOSPI is showing a strong gain of over 1% as foreigners and institutions are buying.


As of 1:49 PM on the 26th, the KOSPI index recorded 2,456.73, up 28.16 points (1.16%) from the previous trading day. Foreigners and institutions bought approximately 494.8 billion KRW and 55 billion KRW respectively, while individuals sold about 544.7 billion KRW worth.


Foreign and Institutional Buying Drives KOSPI Up Over 1%... Above 2450 Level [Image source=Yonhap News]

By stock, LG Energy Solution rose more than 7%, marking the largest increase. It was followed by Hyundai Motor (3.92%), LG Chem (3.68%), Kia (3.38%), and Samsung SDI (2.93%). On the other hand, Samsung Biologics fell 0.88%, and Naver (NAVER) dropped 0.25%.


By sector, non-metallic minerals (7.62%), transportation equipment (2.29%), steel & metals (2.23%), and electrical & electronics (1.83%) showed strong gains. Meanwhile, textiles & apparel (-1.41%), insurance (-0.65%), medical precision (-0.47%), and pharmaceuticals (-0.35%) declined.


The KOSDAQ index also rose accordingly. At the same time, the KOSDAQ index recorded 738.56, up 6.21 points (0.85%) from the previous day. Foreigners and institutions bought about 56.1 billion KRW and 27.1 billion KRW respectively, while individuals net sold about 69.3 billion KRW.


By sector, L&F rose 6.79%, followed by EcoPro (6.05%), EcoPro BM (3.54%), and Pearl Abyss (1.76%). HLB (-0.32%), Celltrion Pharm (-0.30%), and Kakao Games (-0.21%) declined.


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