Top Market Cap Stocks Mostly Close Higher
Institutional Buying Stands Out
On the 12th, the Korean stock market closed higher despite net selling by foreigners. Institutions filled the supply gap left by foreigners.
The KOSPI closed at 2,482.12, up 1.62% (39.61 points) from the previous day. On that day, the KOSPI started at 2,456.63, up 0.58% (14.12 points) from the previous session, and expanded its gains.
Individuals and foreigners net sold 244.5 billion KRW and 22.7 billion KRW, respectively. Institutions alone net bought 150.9 billion KRW, driving the index up. In the futures market, foreigners alone purchased 564.7 billion KRW. Individuals and institutions sold 10.5 billion KRW and 581.4 billion KRW, respectively.
The top 10 stocks by market capitalization mostly showed gains. LG Energy Solution rose 7.01%, Samsung Electronics 3.52%, SK Hynix 2.50%, KB Financial Group 1.87%, and Hyundai Motor 1.20%.
The KOSDAQ closed at 683.35, up 1.10% (7.43 points) from the previous day. On that day, the KOSDAQ started at 680.97, up 0.75% (5.05 points) from the previous session. Foreigners and institutions net sold 63.7 billion KRW and 76.6 billion KRW, respectively.
The top 10 stocks by market capitalization mostly showed upward trends. Hugel rose 3.92%, Enchem 3.69%, Lino Industrial 3.33%, Classys 2.90%, and EcoPro BM 2.82% stood out with notable gains.
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