KOSPI and KOSDAQ Close Higher... Soaring SK Hynix

Foreign and Institutional Investors Lead Net Buying
Samsung Electronics Closes Lower

Securities company app, stock trading scene. Photo by Hyunmin Kim kimhyun81@

On the 16th, the Korean stock market closed higher, supported by combined buying from foreigners and institutions. SK Hynix showed a notable upward trend. Samsung Electronics lost momentum in the late session and closed lower.

The KOSPI closed at 2753.00, up 0.83% (22.66 points) from the previous trading day. The index opened at 2770.27, up 1.46% (39.93 points) from the previous close, but weakened in the latter part of the session.

Foreigners and institutions net bought 426.2 billion KRW and 593.1 billion KRW, respectively. Only individual investors net sold 964.9 billion KRW. In the futures market, individuals and foreigners bought 190 billion KRW and 363.7 billion KRW, respectively, while institutions alone sold 575.6 billion KRW.

Among the top 10 stocks by market capitalization, only Samsung Electronics (-0.13%) and LG Energy Solution (-1.04%) declined. SK Hynix stood out with a 4.16% increase. Following were NAVER +2.22% and KB Financial +1.76%.

The KOSDAQ closed at 870.37, up 0.95% (8.22 points) from the previous day. It also opened higher at 872.31, up 1.18% (10.16 points), but lost strength later. Foreigners and institutions net bought 28.1 billion KRW and 74.3 billion KRW, respectively. Only individual investors net sold 80 billion KRW.

The top 10 stocks by market capitalization showed mixed trends. HPSP surged 11.80% to close at 41,200 KRW. Following were Classys +3.45%, EcoPro +2.96%, EcoPro BM +2.61%, Celltrion Pharm +2.07%, and Alteogen +2.01%.