Foreign and Institutional Buying Sends KOSPI Up 1% to Close Above 6,800
KOSDAQ Remains Flat
On August 26, the KOSPI closed above the 6,800 mark, up about 1% from the previous day, bolstered by simultaneous net buying from both foreign and institutional investors.
The KOSPI ended the day at 6,808.21, an increase of 0.97% compared to the previous session. After opening slightly lower at 6,727.25 and fluctuating throughout the morning, the market rebounded in the afternoon.
Foreign investors and institutions recorded net purchases of 98.9 billion won and 812 billion won, respectively. This is the first time since the 13th that both have net purchased at the same time. Retail investors, on the other hand, recorded net sales of 2.4962 trillion won.
Most sectors rose. There were a number of sectors that increased by more than 1%, including insurance (5.88%), construction (5.68%), electricity·gas (5.06%), general services (4.49%), machinery·equipment (4.06%), distribution (3.65%), entertainment·culture (2.78%), pharmaceuticals (1.77%), food·beverages·tobacco (1.70%), real estate (1.55%), finance (1.34%), and electrical·electronics (1.12%). Sectors such as transportation·warehousing (-2.66%), transportation equipment (-1.87%), and metals (-1.85%) declined.
Among the top 10 stocks by market capitalization, most Samsung Group affiliates saw their stock prices rise, including Samsung Life Insurance (up 8.60%), Samsung C&T (up 5.59%), Samsung Electronics (up 1.75%), and Samsung Biologics (up 0.88%). SK hynix also surged 20.60%, closing regular trading much higher. In contrast, Hyundai Motor (-3.09%), Samsung Electro-Mechanics (-2.35%), and SK Square (-0.19%) fell.
The KOSDAQ finished regular trading at 826.87, down 0.03% from the previous day. After opening slightly lower at 824.77, it fluctuated throughout the session, remaining largely flat.
Foreign investors and institutions posted net sales of 129.4 billion won and 108 billion won, respectively. Retail investors posted net purchases totaling 232.4 billion won.
The ratio of advancing to declining sectors was similar. Sectors that rose included metals (2.87%), entertainment·culture (2.30%), construction (2.27%), and textiles·apparel (1.89%). In contrast, telecommunications (-0.93%), machinery·equipment (-0.89%), and chemicals (-0.65%) declined.
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Most of the top 10 stocks by market capitalization declined. The steepest falls were recorded by HLB (-4.70%), Jusung Engineering (-3.02%), Wonik IPS (-2.67%), Leeno Industrial (-1.48%), Ecopro BM (-0.89%), Rainbow Robotics (-0.88%), and EO Technics (-0.25%). On the other hand, Pharmaresearch (up 6.63%) and Ecopro (up 2.11%) ended higher.
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