Foreign Investors Sell KOSPI, Buy KOSDAQ
Institutions Net Buyers in Both Markets
On December 19, both the KOSPI and KOSDAQ indices closed strongly. The KOSPI climbed above the 4,000 mark, while the KOSDAQ ended the session with a gain of over 1.5%.
On this day, the KOSPI closed at 4,020.55, up 0.65% from the previous day. Although the index opened at 4,055.78 and its upward momentum slowed, it managed to stay above the 4,000 level.
By investor type, foreign investors and individuals recorded net sales of 833.8 billion won and 74.1 billion won, respectively. Only institutional investors were net buyers, with a net purchase of 879.9 billion won.
Almost all sectors posted gains. The transportation and equipment sector recorded the largest increase at 3.05%. This was followed by machinery and equipment (2.71%), IT services (2.54%), securities (2.35%), entertainment and culture (1.95%), electricity and gas (1.83%), distribution (1.50%), insurance (1.43%), medical and precision equipment (1.40%), metals (1.32%), finance (1.23%), real estate (1.16%), chemicals (1.09%), and telecommunications (1.07%), with most sectors rising by more than 1%. Only the electrical and electronics sector (-0.66%) and the textiles and apparel sector (-0.35%) declined.
Among the top 10 stocks by market capitalization, Hanwha Aerospace and Doosan Enerbility posted the largest gains, each rising by 3.8%. They were followed by HD Hyundai Heavy Industries (2.9%), Hyundai Motor (1.7%), and KB Financial Group (0.8%). Samsung Electronics and SK Hynix both fell by 0.9%. LG Energy Solution closed unchanged from the previous day.
The KOSDAQ also ended the day up 1.55% at 915.27. The KOSDAQ started near a 1% gain at 909.70 and at one point during the session, the gain widened to over 2%.
In the KOSDAQ market, both foreign and institutional investors were net buyers, with net purchases of 100.9 billion won and 197.7 billion won, respectively. Individual investors recorded net sales of 276.6 billion won.
Most sectors showed upward momentum. General services (3.00%), metals (2.13%), pharmaceuticals (1.81%), transportation equipment and parts (1.66%), medical and precision equipment (1.43%), manufacturing (1.37%), electrical and electronics (1.29%), machinery and equipment (1.24%), distribution (1.14%), and chemicals (1.05%) posted the largest gains. Food, beverage, and tobacco (-0.80%) and publishing and media reproduction (-0.69%) declined.
Most of the top 10 stocks by market capitalization also posted significant gains. Samchundang Pharm saw the largest increase at 6.2%, followed by Rainbow Robotics (3.9%), Alteogen (3.7%), LIG ChemBio (3.1%), ABL Bio (1.9%), and Peptron (1.8%). Only Ecopro (-1.6%) and LIG Nex1 (-0.6%) declined.
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