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

The KOSPI index rose more than 1% with simultaneous net buying by foreigners and institutions, recovering the 2500 level.

On the 5th, as the KOSPI index started the session by surpassing 2,500, the index was displayed on the status board in the dealing room of Hana Bank in Jung-gu, Seoul. Photo by Yoon Dong-ju

On the 5th, the KOSPI closed at 2509.27, up 27.58 points (1.11%) from the previous trading day.

On that day, the index opened at 2503.94, up 0.90% from the previous trading day. It rose as high as 2514.71 due to simultaneous net buying by foreigners and institutions. However, as foreign net buying weakened, the gains narrowed, failing to recover the 2510 level.

By investor type, foreigners and institutions net bought 67.3 billion KRW and 32.1 billion KRW respectively. Meanwhile, individuals net sold 195.4 billion KRW.

By sector, IT services rose 4.06%. Textile & apparel and electricity & gas sectors rose more than 2%, while chemicals, pharmaceuticals, and electronics rose more than 1%. On the other hand, securities, non-metallic minerals, machinery equipment, and insurance sectors fell slightly.

Among the top market capitalization stocks, Samsung Electronics traded at 52,900 KRW, up 200 KRW (0.38%) from the previous trading day. SK Hynix and NAVER rose more than 4%, and LG Energy Solution also rose 3.60%. Additionally, Samsung Biologics, Hyundai Motor, and Kia rose more than 1%. Conversely, HD Hyundai Heavy Industries fell 3.43%.

On that day, 590 KOSPI stocks rose without any hitting the upper limit, 303 stocks fell without any hitting the lower limit, and 50 stocks remained unchanged.

The KOSDAQ index recorded 730.98, up 11.06 points (1.54%) from the previous trading day.

By investor type, foreigners and individuals net bought 24.6 billion KRW and 25.5 billion KRW respectively. Meanwhile, institutions net sold 33.5 billion KRW.

By sector, IT services and machinery equipment rose more than 3%. Pharmaceuticals, transportation equipment & parts, chemicals, and electronics rose more than 1%. On the other hand, telecommunications, construction, and metals fell slightly.

Among the top market capitalization stocks, Alteogen closed at 376,000 KRW, up 2,000 KRW (0.53%) from the previous trading day. Samchundang Pharmaceutical surged 21.69%, Rainbow Robotics rose 9.12%, and HPSP rose 5.83%. Conversely, HLB and Classys fell more than 1%.

On that day, 1,145 KOSDAQ stocks rose, including two stocks hitting the upper limit, Adbiotech and Clobot. 491 stocks fell, including Anigen which hit the lower limit, and 77 stocks remained unchanged.