KOSPI Ends Strong Supported by Net Foreign Buying

The KOSPI, which had been setting new record highs for consecutive days, turned downward the previous day, but on the 9th, it started with an increase of more than 10 points, drawing attention to whether it will break through the 2900 mark during the week. Employees are working in the dealing room at the Seoul Hana Bank headquarters. Photo by Younghan Heo younghan@

The KOSPI index closed higher, supported by net buying from foreign investors.

On the 9th, the KOSPI index closed at 2,867.38, up 9.62 points (0.34%) from the previous day. Trading volume was 443.24 million shares, and the trading value was tentatively estimated at 10.8216 trillion won.

By investor type, institutions and individuals net sold 31 billion won and 292.5 billion won respectively, while foreigners net bought 314.4 billion won, driving the index. Program trading saw net buying of 67 billion won in arbitrage trading and 208.7 billion won in non-arbitrage trading.

By sector, more sectors rose than fell. The machinery sector rose 1.92%, medical precision 1.44%, pharmaceuticals 1.28%, construction 1.08%, electrical and electronics 0.89%, manufacturing 0.52%, services 0.44%, and food and beverages 0.39%. On the other hand, the transportation equipment sector fell 1.43%, transportation and warehousing -0.86%, electricity and gas -0.83%, and steel and metals -0.51%.

Top market capitalization stocks showed mixed movements. Samsung Electronics rose 0.46%, SK Hynix 2.14%, LG Energy Solution 1.26%, Samsung Biologics 0.51%, Celltrion 2.07%, NAVER 0.12%, and LG Chem 0.55% were strong. Meanwhile, Hyundai Motor fell 3%, Kia -1.37%, KB Financial -1.96%, and POSCO Holdings -1.19% declined.

The KOSDAQ index also closed slightly higher. On the day, the KOSDAQ index closed at 860.42, up 1.15 points (0.13%) from the previous day. By investor type, institutions and foreigners net sold 108.4 billion won and 62.4 billion won respectively, while individuals net bought 171.3 billion won.

Top market capitalization stocks showed mixed movements. EcoPro BM and EcoPro fell 2.42% and 3.07% respectively, Alteogen -3.67%, Enchem -2.86%, and HPSP -0.12% declined. On the other hand, HLB rose 3.15%, Samchundang Pharmaceutical 7.46%, Celltrion Pharm 1.07%, and Lino Industrial 6.04% were strong.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate closed at 1,381.7 won, down 1.4 won from the previous day.