The KOSPI index closed higher, supported by net purchases from foreign investors.
On May 8, the KOSPI index finished trading at 2,579.48, up 5.68 points (0.22%) from the previous day. Trading volume was provisionally tallied at 465.23 million shares, with a trading value of 10.1573 trillion won.
By investor type, institutional investors and individuals recorded net sales of 170.7 billion won and 19.9 billion won, respectively, while foreign investors posted net purchases of 130.4 billion won. In the futures market, institutional investors and foreign investors recorded net sales of 120 billion won and 36.9 billion won, respectively, while individuals recorded net purchases of 173.3 billion won. In program trading, there was a net purchase of 49.6 billion won in arbitrage trading and a net sale of 410.9 billion won in non-arbitrage trading.
By sector, more sectors rose than fell. The metals sector climbed 2.37%, chemicals rose 2.03%, general services 1.79%, medical precision 1.71%, food, beverage and tobacco 1.15%, non-metals 0.83%, machinery and equipment 0.77%, securities 0.66%, manufacturing 0.5%, real estate 0.44%, and electrical and electronics 0.34%. In contrast, IT services dropped 2.36%, transportation and storage fell 1.15%, construction 1.0%, electricity and gas 0.79%, telecommunications 0.74%, and textiles and apparel 0.57%.
Among large-cap stocks by market capitalization, performances were mixed. Samsung Electronics ended flat, while LG Energy Solution rose 1.55%, HD Hyundai Heavy Industries 1.44%, KB Financial Group 0.96%, and Hyundai Mobis 0.39%. On the other hand, SK Hynix fell 0.26%, Samsung Biologics 0.48%, Hanwha Aerospace 0.79%, Hyundai Motor 0.27%, and Celltrion 0.56%.
On this day, 532 stocks advanced, 341 declined, and 61 remained unchanged. One stock hit the upper price limit.
The KOSDAQ index also closed higher. On this day, the KOSDAQ index finished at 729.59, up 6.78 points (0.94%) from the previous day. By investor type, institutional investors and individuals posted net sales of 41 billion won and 21.5 billion won, respectively, while foreign investors recorded net purchases of 87.8 billion won.
Most of the large-cap stocks by market capitalization rose. Ecopro BM advanced 3.18%, Ecopro 0.52%, Rainbow Robotics 0.53%, Hugel 2.37%, Classys 6.16%, PharmaResearch 3.55%, Peptron 4.72%, Samchundang Pharm 2.18%, Kolon TissueGene 0.67%, and LinoTech 1.09%. In contrast, Alteogen dropped 1.12%, and HLB fell 3.06%.
Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1,398.3 won, up 4.3 won from the previous day.
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