Yangjang Market Closes Up Over 1%... Foreigners and Institutions Both Net Buyers

Foreign and Institutional Buying Pushes KOSPI and KOSDAQ Higher
SK Hynix Surges Over 5% Among Top Market Cap Stocks

Both major indices in the domestic stock market closed with gains in the 1% range. Foreign and institutional investors' buying drove both indices higher.

On the 12th, the KOSPI closed at 2,574.82, up 1.47% from the previous day. After starting with a slight gain, it maintained a steady upward trend.

Net purchases by foreigners and institutions supported the index. They bought net amounts of 380.4 billion KRW and 31.5 billion KRW, respectively. Individual investors sold a net amount of 505.1 billion KRW.

Many sectors rose. The metals sector saw the largest increase at 7.8%. Several sectors rose more than 1.5%, including electrical and electronics (2.74%), insurance (1.98%), manufacturing (1.91%), telecommunications (1.72%), general services (1.66%), medical and precision instruments (1.63%), and chemicals (1.61%). Only transportation and warehousing (-1.19%) and electricity and gas (-0.53%) declined.

Most of the top 10 market capitalization stocks also closed higher. SK Hynix surged by 5.9%. Many stocks closed up more than 1%, including Samsung Electronics (2.4%), LG Energy Solution (2.2%), Celltrion (1.9%), Hyundai Motor (1.3%), and Samsung Biologics (1.0%). Only Hanwha Aerospace (-1.9%) and KB Financial Group (-0.6%) closed lower.

The KOSDAQ also ended the day up 1.11% at 729.48. During the session, it rose as much as 1.75% to 734.14 compared to the previous day.

In the KOSDAQ market, foreign and institutional investors also showed net buying. Foreigners bought a net 13.3 billion KRW, and institutions bought a net 9.2 billion KRW. Individual investors sold a net 12.1 billion KRW.

Almost all sectors closed higher. The non-metal sector had the largest gain at 3.92%, followed by machinery and equipment (2.75%), electrical and electronics (2.29%), chemicals (2.19%), and manufacturing (1.69%). General services (-1.10%) and entertainment and culture (-0.46%) declined.

Among the top 10 market capitalization stocks, Pharma Research rose the most at 2.9%, followed by Hugel (1.6%), EcoPro (1.2%), Rainbow Robotics (0.9%), and EcoPro BM (0.3%). On the other hand, Ligacombio (-2.4%), Alteogen (-2.4%), Classys (-1.5%), and Samchundang Pharmaceutical (-0.4%) declined. HLB closed unchanged.