KOSPI Recovers to 2530 Ahead of Lunar New Year Holiday with Foreign and Institutional Buying

On the morning of the 24th, the Korean stock market recovered the 2530 level, rising by over 0.7% due to buying pressure from foreigners and institutions.

As of 10:34 AM, the KOSPI was trading at 2535.39, up 19.90 points (0.79%) from the previous day. The index opened at 2529.29, up 13.80 points (0.55%). Currently, foreigners and institutions have purchased stocks worth 195.5 billion KRW and 88.8 billion KRW respectively. Individuals sold stocks worth 307.8 billion KRW on their own.

Among the top market capitalization stocks, Korea Zinc (7.66%), Hanwha Aerospace (7.04%), Hyundai Mobis (3.77%), HD Hyundai Heavy Industries (3.05%), Samsung Biologics (2.28%), and SK Hynix (2.05%) are rising. Hyundai Motor (-2.15%), Kia (-1.27%), and LG Energy Solution (-0.99%) are declining.

Securities company app, stock trading scene. Photo by Hyunmin Kim

By sector, metals (2.62%), entertainment and culture (2.32%), machinery equipment (1.60%), transportation and warehousing (1.60%), pharmaceuticals (1.45%), and construction (1.30%) are rising. On the other hand, paper and wood (-0.73%) and insurance (-0.30%) sectors are declining.

At the same time, the KOSDAQ index recorded 728.82, up 4.81 points (0.66%) from the previous session. The index opened at 725.78, up 1.77 points (0.24%). Foreigners and individuals purchased stocks worth 8.9 billion KRW and 6.3 billion KRW respectively. Institutions are net sellers of 8.7 billion KRW.

Among the top market capitalization stocks, HPSP (6.26%), SM (3.79%), JYP Ent. (2.99%), Lino Industrial (2.56%), and Pharma Research (1.24%) are rising. Meanwhile, HLB (-2.49%), Hugel (-2.51%), EcoPro BM (-1.91%), and Classys (-1.83%) are declining.