KOSPI Recovers to 2670 Level on Foreign and Institutional 'Buying'... 'Large Semiconductor Surge'

The KOSPI recovered to the 2670 level, supported by net purchases from foreigners and institutions. Large semiconductor stocks such as Samsung Electronics and SK Hynix surged sharply.

[Image source=Yonhap News]

On the 26th, the KOSPI closed at 2671.57, up 75.25 points (2.90%) from the previous trading day.

By investor type, foreigners and institutions net bought 488.9 billion KRW and 797.9 billion KRW respectively. Meanwhile, individuals net sold 1.2509 trillion KRW.

By sector, electric and electronics jumped 4.28%. Medical precision rose 4.06%. Additionally, finance, manufacturing, machinery, food and beverages, and electric and gas industries all increased by more than 2%.

Among the top market capitalization stocks, Samsung Electronics closed at 64,700 KRW, up 2,500 KRW (4.02%) from the previous trading day. SK Hynix surged 9.44%. Shinhan Financial Group rose over 6%, and KB Financial Group increased more than 3%.

On this day, 750 KOSPI stocks rose without any hitting the upper limit, while 141 stocks declined without any hitting the lower limit. 43 stocks remained unchanged.

The KOSDAQ closed at 779.18, up 19.88 points (2.62%) from the previous trading day.

By investor type, individuals net sold 264.7 billion KRW. In contrast, foreigners and institutions net bought 176.3 billion KRW and 99.7 billion KRW respectively.

By sector, machinery and equipment rose 4.03%. General electric and electronics, entertainment and culture, and textiles and apparel all increased by more than 3%. Other sectors such as other manufacturing, food and tobacco, and transportation closed slightly higher.

Among the top market capitalization stocks, Alteogen closed at 341,000 KRW, up 10,500 KRW (3.18%) from the previous trading day. Samchundang Pharmaceutical surged 7.08%, and EcoPro BM jumped 6.04%. Additionally, EcoPro, Enchem, Ligachem Bio, and HPSP all rose more than 3%.

On the KOSDAQ, six stocks including Daehwa Pharmaceutical and HiSonic hit the upper limit, with 1,298 stocks rising. Meanwhile, FnGuide hit the lower limit, with 295 stocks declining, and 83 stocks closed unchanged.