The KOSPI closed slightly higher on the 9th. Foreign investors led the index's rise by net buying for five consecutive trading days.
On the 8th, as the three major indices on the New York Stock Exchange all closed lower, reigniting concerns about inflation (persistent price increases), employees at the Hana Bank dealing room in Jung-gu, Seoul, were working. On that day, the KOSPI index opened at 2,481.25, down 10.85 points (0.44%) from the previous session, and the won/dollar exchange rate started the day at 1,455.0 won, up 1.5 won, continuing its downward trend. Photo by Jo Yongjun
The KOSPI ended the day at 2,521.90, up 0.85 points (0.03%) from the previous trading day.
The index opened at 2,526.10, up 0.20% from the previous day. From the early session, foreign investors' net buying and institutional investors' net selling were closely matched. As a result, the index fluctuated between gains and losses. Toward the end of the session during the simultaneous closing price auction, foreign investors net bought over 100 billion KRW, ultimately pushing the index higher to close the day.
By investor type, foreign investors net bought 751.6 billion KRW, continuing their five-day buying streak. In contrast, individual and institutional investors net sold 331.2 billion KRW and 501.4 billion KRW, respectively.
By sector, food and beverages & tobacco rose 1.02%, along with gains in chemicals and transportation equipment & parts. Conversely, entertainment & culture and construction fell more than 1%. Additionally, textiles & apparel, non-metallic minerals, and paper & wood sectors also declined.
Among the top market capitalization stocks, Samsung Electronics closed at 56,100 KRW, down 1,200 KRW (2.09%) from the previous trading day. LG Energy Solution dropped 4.02%, and NAVER fell 2.17%. On the other hand, SK Hynix surged 5.29%, while Kia and KB Financial rose 2.28% and 1.29%, respectively.
On the day, 364 KOSPI stocks rose, including two stocks hitting the upper price limit: Jooyon Tech and Camu E&C. Meanwhile, 521 stocks declined without any hitting the lower price limit, and 58 stocks remained unchanged.
The KOSDAQ closed at 723.52, up 3.89 points (0.54%) from the previous trading day.
By investor type, foreign investors net sold 22.1 billion KRW. Conversely, individual and institutional investors net bought 12.4 billion KRW and 4.3 billion KRW, respectively.
By sector, medical & precision electrical & electronics and pharmaceuticals rose more than 1%. Chemicals and machinery & equipment also saw slight gains. Conversely, publishing & media reproduction and non-metallic minerals fell 1.14% and 1.02%, respectively. Textiles & apparel and distribution sectors also declined slightly.
Among the top market capitalization stocks, Alteogen closed at 309,000 KRW, down 1,000 KRW (0.32%) from the previous trading day. Shinsung Delta Tech plunged 11.76%, and JYP Ent. and HLB fell 2.10% and 1.25%, respectively. On the other hand, EcoPro BM surged 9.21%, while Samchundang Pharm and Classys rose 6.13% and 2.83%, respectively.
On the day, 681 KOSDAQ stocks rose, including five stocks hitting the upper price limit such as Softcen and ICD. Meanwhile, 890 stocks declined without any hitting the lower price limit, and 130 stocks remained unchanged.
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