KOSDAQ Ends Slightly Higher
Foreign Buying Supports KOSPI, Top Stocks Show Mixed Results
The KOSPI closed higher, buoyed by foreign buying. However, due to selling pressure from individual and institutional investors, the index struggled to reach 3,200.
The KOSPI ended the session at 3,184.42, up 0.38% from the previous trading day. While individuals and institutions recorded net sales of 154.6 billion won and 375.6 billion won respectively, foreigners made net purchases of 435.5 billion won, preventing the index from declining.
The status board in the dealing room of Hana Bank headquarters in Jung-gu, Seoul, displays the KOSPI, KRW/USD exchange rate, and KOSDAQ index. Photo by Yonhap News
Most of the top market capitalization stocks rose. Samsung Electronics climbed 1.01%, SK Hynix gained 0.77%, Samsung Biologics advanced 1.50%, Hanwha Aerospace rose 0.86%, Samsung Electronics Preferred increased 0.88%, and Hyundai Motor was up 0.68%.
On the other hand, LG Energy Solution fell 0.43%, HD Hyundai Heavy Industries dropped 1.75%, and Kia declined 0.19%.
LS ELECTRIC surged 6.75% after news broke that the company had signed a supply contract worth 64 billion won with a major U.S. big tech company.
By sector, metals rose 2.61%, machinery and equipment gained 1.63%, and pharmaceuticals advanced 1.32%. In contrast, insurance fell 1.45%, non-metals dropped 0.81%, and IT services declined 0.56%.
The KOSDAQ closed at 796.81, up 0.35% from the previous trading day. Foreign investors recorded net purchases of 20.9 billion won. Individuals and foreign investors posted net sales of 6.8 billion won and 8.2 billion won respectively.
Among the top market capitalization stocks, performances were mixed. Alteogen rose 0.22%, Legochem Bio gained 3.06%, ABL Bio advanced 4.19%, and Samchungdang Pharm increased 0.31%.
In contrast, Ecopro BM fell 1.17%, Peptron dropped 2.72%, Ecopro declined 0.80%, PharmaResearch slid 5.04%, and HLB was down 0.51%.
In the Seoul foreign exchange market, the dollar-won exchange rate closed at 1,392.30 won, up 1.30 won from the previous day.
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