KOSPI Gains Intraday on Institutional and Foreign Buying

by Jang Hyowon

Published 05 Jul.2024 10:36(KST)

On the 5th, the KOSPI opened higher, continuing to hit its highest level of the year from the previous day, while the USD-KRW exchange rate started slightly lower. Employees are working in the dealing room at the Seoul Hana Bank headquarters. Photo by Heo Younghan younghan@

The KOSPI index is showing intraday strength, supported by net buying from institutions and foreigners.

As of 10:28 AM on the 5th, the KOSPI index is trading at 2848.53, up 0.84% from the previous day.

The KOSPI index, which started the day higher, is extending its gains thanks to strong earnings from Samsung Electronics and the rally in robot stocks. Institutions and foreigners continue their net buying, adding momentum to the index.

By investor type, institutions and foreigners are net buyers of 464.2 billion KRW and 485.5 billion KRW respectively, while individuals are net sellers of 932 billion KRW. In the futures market, institutions and individuals are net sellers of 938.2 billion KRW and 101.8 billion KRW respectively, whereas foreigners are net buyers of 972.8 billion KRW.

Most sectors are showing strength. The distribution sector is up 1.64%, insurance 1.58%, finance 1.43%, machinery 1.08%, electrical and electronics 1.22%, electric and gas utilities 0.85%, pharmaceuticals 0.78%, textiles and apparel 0.61%, manufacturing 0.71%, and services 0.5%. On the other hand, the medical precision sector is down 1.49%, transportation and warehousing -0.9%, and steel and metals -0.49%.

Most of the top market capitalization stocks are also showing strength. Samsung Electronics is up 1.65%, SK Hynix 1.74%, Hyundai Motor 0.54%, Kia 0.4%, Celltrion 0.16%, KB Financial 3.38%, and Shinhan Financial Group 2.1%. Conversely, LG Energy Solution is down 0.97%, and POSCO Holdings is down 0.4%. Samsung Biologics remains flat.

The KOSDAQ index is also strong. At the same time, the KOSDAQ index is trading at 845.35, up 0.55% from the previous day. By investor type, institutions and individuals are net buyers of 21 billion KRW and 28.3 billion KRW respectively, while foreigners are net sellers of 24.6 billion KRW.

Most of the top market capitalization stocks are showing strength. Alteogen is up 2.14%, EcoPro 0.52%, HLB 5.36%, Samchundang Pharmaceutical 9.08%, Celltrion Pharm 0.88%, Classys 0.91%, and HPSP 1.61%. On the other hand, EcoPro BM is down 0.48%, Enchem -2.74%, and Lino Industrial -0.45%.