KOSPI Recovers to 2500 Level on Net Buying by Foreigners and Institutions

The KOSPI recovered the 2500 level as both foreigners and institutions engaged in net buying, leading to a rise.

On the 22nd, the KOSPI index closed at 2,501.24, up 20.61 points (0.83%), settling above the 2,500 mark, as dealers worked in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. The KOSDAQ index closed at 677.01, down 3.66 points (0.54%). Photo by Kang Jin-hyung

On the 22nd, the KOSPI closed at 2501.24, up 20.61 points (0.83%) from the previous trading day.

On that day, the KOSPI rose more than 1% due to net buying by foreigners and institutions, reaching as high as 2511.23. However, the increase narrowed somewhat as foreigners reduced their net buying.

By sector, machinery rose 2.65%. Transportation equipment, insurance, textiles and apparel, telecommunications, and finance all rose more than 1%. Meanwhile, steel and metals, transportation and warehousing, and pharmaceuticals declined slightly.

Among the top market capitalization stocks, Samsung Electronics closed at 56,000 won, down 400 won (0.71%) from the previous trading day. Celltrion and POSCO Holdings also declined slightly. On the other hand, SK Hynix rose 4.68%, while LG Energy Solution, KB Financial Group, Samsung C&T, and Samsung Life Insurance all jumped more than 1%.

On the KOSPI, 518 stocks rose without any hitting the upper limit. 357 stocks fell without any hitting the lower limit, and 64 stocks remained unchanged.

The KOSDAQ recorded 677.01, down 3.66 points (0.54%) from the previous trading day.

By investor type, foreigners and institutions were net buyers of 92.6 billion won and 67.8 billion won, respectively. Meanwhile, individuals were net sellers of 151.1 billion won.

By sector, other services fell 5.75%, and pharmaceuticals declined 2.15%. Conversely, metals rose 2.68%, and distribution, machinery equipment, entertainment and culture, publishing and media, textiles and apparel, and finance all rose more than 1%.

Among the top market capitalization stocks, Alteogen closed at 292,000 won, down 54,500 won (15.73%) from the previous trading day. Samchundang Pharmaceutical fell 3.09%, while Hugel and HPSP dropped more than 2%. Ligachem Bio also declined 1.55%. On the other hand, EcoPro BM, HLB, Rainbow Robotics, and Ligno Industrial rose more than 2%. EcoPro and Classys also jumped more than 1%.

In the KOSDAQ market, 821 stocks rose, including 4 stocks hitting the upper limit such as Globen and Ubion. 758 stocks fell without any hitting the lower limit, and 116 stocks remained unchanged.