KOSPI Recovers to 2650 Level on Foreign and Institutional Dual Net Buying

The KOSPI recovered to the 2650 level as foreigners and institutions simultaneously engaged in net buying, driving the index higher.

On the 28th, the KOSPI closed at 2655.28, up 41.78 points (1.60%) from the previous trading day.

On this day, the KOSPI started higher but briefly turned lower. However, after foreigners switched from net selling to net buying and, together with institutions, expanded their purchases, the index rose more than 1% to close the session. It approached the year’s highest point of 2667.07 recorded on August 1.

By investor type, foreigners and institutions net bought 629.4 billion KRW and 817.3 billion KRW, respectively. Conversely, individuals net sold 1.3569 trillion KRW.

All sectors rose. Pharmaceuticals increased by 4.12%, while transportation equipment, machinery, and finance jumped more than 2%. Additionally, telecommunications, electricity and gas, securities, and transportation and warehousing sectors also rose more than 1%.

Among the top market capitalization stocks, Samsung Electronics closed at 78,500 KRW, up 500 KRW (0.64%) from the previous trading day. Celltrion surged 6.16%, and Samsung Biologics rose 4.25%. Kia and Samsung SDI also increased by more than 3%.

On this day’s KOSPI market, 683 stocks rose, including five stocks hitting the upper price limit such as Daesangwoo, Deoksungwoo, and Hanwha Galleria. Meanwhile, 210 stocks fell without hitting the lower price limit, and 46 stocks remained unchanged.

The KOSDAQ closed at 866.57, up 6.78 points (0.79%) from the previous trading day.

By investor type, foreigners and institutions net bought 75.1 billion KRW and 3.8 billion KRW, respectively. Conversely, individuals net sold 56.6 billion KRW.

By sector, other services and non-metal sectors rose more than 2%. Food and tobacco, pharmaceuticals, transportation equipment and parts, IT parts, and metals also increased more than 1%. Conversely, the internet sector fell 4.18%, while semiconductors, textiles and apparel, and paper and wood sectors declined slightly.

Among the top market capitalization stocks, EcoPro BM closed at 288,000 KRW, down 2,500 KRW (0.86%) from the previous trading day. L&F and Celltrion Pharm also rose more than 5%, while POSCO DX and LS Materials jumped more than 3%. On the other hand, HPSP fell 5.50%, and Rino Industrial also dropped 2.64%.

On this day’s KOSDAQ market, 1,127 stocks rose, including five stocks hitting the upper price limit such as Golden Century, Neogen, and Capstone Partners. Meanwhile, 432 stocks declined without hitting the lower price limit, and 81 stocks remained unchanged.