Institutional Net Buying... KOSPI Settles at 2610 Level, Up 0.54%

On the 5th, the KOSPI index closed higher, settling in the 2610 range, supported by heavy buying from institutional investors.

On this day, the KOSPI closed at 2615.41, up 14.05 points (0.54%) from the previous trading day. Although individual and foreign investors sold 434.5 billion KRW and 18.4 billion KRW respectively, institutions supported the stock price with a net purchase of 452.7 billion KRW.

The top groups by market capitalization in the KOSPI market showed a differentiated market trend with mixed stock price directions. Samsung Electronics, which had recently seen a sharp rise in stock price, closed at 71,700 KRW, down 0.69% from the previous session. SK Hynix also closed down 1.45% at 108,700 KRW.

On the other hand, LG Energy Solution closed up 1.02% at 594,000 KRW, and LG Chem (0.28%), Samsung SDI (0.28%) also closed with slight gains.

Park Kwang-nam, a researcher at Mirae Asset Securities, analyzed, "Concerns about an economic recession eased and expectations for a Goldilocks scenario were introduced through the US employment report," adding, "Despite foreign investors taking profits in the electrical and electronics sector, net buying centered on machinery, construction, and steel sectors drove the rise in the KOSPI index."

On the same day, the KOSDAQ closed at 870.28, up 2.22 points (0.26%) from the previous trading day. Foreign investors were net sellers of 21.1 billion KRW, while individuals and institutions were net buyers of 35.1 billion KRW and 8.9 billion KRW respectively.

Among the top market capitalization groups in KOSDAQ, EcoPro BM (0.98%), HLB (1.31%), Celltrion Pharm (0.23%), and Kakao Games (1.02%) closed higher. Conversely, EcoPro (-0.18%), Celltrion Healthcare (-1.69%), L&F (-0.56%), and JYP Ent. (-1.86%) closed lower.

Meanwhile, in the Seoul foreign exchange market, the KRW/USD exchange rate closed at 1,308.1 KRW, up 2.4 KRW.