KOSPI Closes at 2731.90 with Institutional Investors 'Buying'

KOSDAQ Late Rally Success... Fails to Recover 800

[Image source=Yonhap News]

On the 26th, the Korean stock market closed slightly higher. The KOSPI rose to the 2730 level, supported by institutional investors' buying. The KOSDAQ managed to rebound with 12 minutes left before the market closed but failed to recover the 800 mark.

The KOSPI closed at 2731.90, up 0.78% (21.25 points) from the previous day. It opened at 2724.99, up 0.53% (14.34 points) from the previous close, and maintained a slightly positive trend throughout the day.

Institutions alone net bought 394.1 billion KRW, supporting the index. Individuals and foreigners net sold 367.9 billion KRW and 47.6 billion KRW, respectively. In the futures market, individuals and foreigners net bought 116.1 billion KRW and 78.6 billion KRW, respectively, while institutions net sold 168.1 billion KRW.

Among the top 10 stocks by market capitalization, most closed higher. Samsung Biologics rose 5.05%, KB Financial Group 4.64%, SK Hynix 0.95%, and Samsung Electronics 0.62%. On the other hand, LG Energy Solution fell 2.26%, Hyundai Motor 3.18%, and Kia 2.52%.

The KOSDAQ closed at 797.56, up 0.03% (0.27 points) from the previous day. It opened at 799.97, up 0.34% (2.68 points) from the previous close, but lost momentum later. Foreigners and institutions net bought 34.8 billion KRW and 56.6 billion KRW, respectively, while individuals net sold 92.7 billion KRW.

Among the top 10 KOSDAQ stocks by market capitalization, most showed a downward trend. Enchem fell 4.49%, EcoPro BM 3.81%, EcoPro 1.67%, and L&F 1.47%. In contrast, Alteogen rose 2.90%, Samchundang Pharmaceuticals 1.67%, and Celltrion Pharm 3.25%.