The KOSPI index closed higher, surpassing the 2800 mark for the first time in 2 years and 5 months, driven by buying momentum from foreigners and institutions.
On the 20th, as the KOSPI index continued its strong performance and surpassed the 2800 mark during the session, employees were busy moving around in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. The KOSPI opened the session at 2,805.24, up 7.64 points (0.27%) from the previous day. Photo by Jo Yongjun jun21@
On the 20th, the KOSPI closed at 2807.63, up 10.30 points (0.37%) from the previous trading day. The index opened at 2802.10, up 4.77 points (0.17%), and maintained an upward trend throughout the day. Foreigners and institutions net purchased stocks worth 478.2 billion KRW and 167.1 billion KRW, respectively. Individuals sold stocks worth 570.1 billion KRW.
Among the top market capitalization stocks, Shinhan Financial Group (2.80%), KB Financial Group (2.41%), Hana Financial Group (2.03%), Samsung Electronics Preferred (1.74%), and SK Hynix (1.71%) closed higher. On the other hand, POSCO Future M (-2.62%), Celltrion (-1.80%), Hyundai Mobis (-1.45%), Kia (-1.28%), Samsung Biologics (-1.06%), Kakao (-0.93%), and LG Energy Solution (-0.87%) declined.
By sector, electric and gas utilities (3.76%), insurance (2.60%), securities (1.98%), construction (1.55%), transportation and warehousing (1.53%), and paper and wood products (1.51%) rose. Conversely, food and beverages (-1.09%), pharmaceuticals (-0.93%), transportation equipment (-0.83%), and textiles and apparel (-0.34%) fell.
Ji-won Kim, a researcher at KB Securities, noted, "Foreign buying was mostly concentrated in the electric and electronics sector, maintaining strength and concentration in semiconductors. However, Hyundai Motor and Kia, which had been on a record-high rally, saw profit-taking, showing contrasting trends among large-cap stocks."
The KOSDAQ index recorded 857.51, down 3.66 points (0.43%) from the previous session. The index opened at 861.44, up 0.27 points (0.51%), but turned downward during the session. Individuals bought stocks worth 139.9 billion KRW, while foreigners and institutions net sold stocks worth 58.7 billion KRW and 80.7 billion KRW, respectively.
Among the top market capitalization stocks, Rigachem Bio (11.36%), Pearl Abyss (3.12%), Alteogen (1.76%), Hugel (0.65%), and Rainbow Robotics (0.16%) closed higher. Meanwhile, Classys (-3.80%), HPSP (-3.65%), EcoPro BM (-3.09%), Dongjin Semichem (-2.45%), EcoPro (-2.08%), EO Technics (-1.75%), Celltrion Pharm (-1.69%), and Rino Industries (-1.54%) declined.
Jaewon Lee, a researcher at Shinhan Investment Corp., explained, "The KOSDAQ index experienced continuous fluctuations due to rapid sector rotation. Low-priced buying inflows led to a rebound in overlooked stocks such as gaming, but semiconductors and cosmetics were weak." Researcher Kim added, "The KOSDAQ, lacking upward momentum, continued its relative weakness. Stocks related to the low birthrate theme surged following the government's declaration of a 'national population emergency.'"
In the Seoul foreign exchange market on the same day, the won-dollar exchange rate closed at 1,384.65 won, up 2.85 won from the previous trading day.
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