KOSPI recovers past 4,000 after 5 trading days... institutions, foreigners 'net buying'

Korea Economic Daily

Summary

The KOSPI recovered the 4,000 level after five trading days thanks to net buying by institutions and foreigners.
Major large-cap stocks such as SK Hynix and SK Square showed gains, while Naver fell as the Dunamu merger issue dissipated.
The Bank of Korea said it would keep the base rate at 2.5% per annum, and the won–dollar exchange rate was 1,465.9 won.

The KOSPI regained the 4,000 level thanks to buying by institutions and foreign investors.

As of 11:00 a.m. on the 27th, the KOSPI stood at 4,009.81, up 48.94 points (1.24%) from the previous day. The KOSPI opened at 3,989.45 and rose as high as 4,023.42 during the session. This is the first time in five trading days since the 20th that the KOSPI has traded above 4,000.

On the securities market, institutions and foreigners are net buyers of 318.1 billion won and 253.2 billion won, respectively, lifting the index. Individuals are net sellers of 563.3 billion won.

SK Hynix (4.58%) and SK Square (4.3%) showed notable gains, while Doosan Enerbility (1.67%), Hanwha Aerospace (1.49%), Samsung Electronics (1.46%), Samsung Biologics (1.21%), LG Energy Solution (1.15%), and HD Hyundai Heavy Industries (0.36%) are rising. Naver is down 2.85%. It is interpreted that profit-taking selling was triggered following the disappearance of the 'Dunamu merger' factor.

The KOSDAQ index is trading at 882.7, up 5.38 points (0.61%) from the previous day. The KOSDAQ index has remained around the 880 level during the session.

In the KOSDAQ market, individuals are net buyers of 160.6 billion won. Foreigners and institutions are net sellers of 97.6 billion won and 26.7 billion won, respectively.

Top market-cap KOSDAQ stocks are showing mixed performances. Rainbow Robotics (3.21%), Alteogen (1.74%), Pharma Research (0.83%), ABL Bio (0.63%), Kolon TissueGene (0.58%) are rising. Conversely, Voronoi (-3.53%), CareGen (-2.03%), LIGAChem Bio (-1.99%), Peptron (-1.41%), EcoPro BM (-0.67%), EcoPro (-0.48%), and HLB (-0.32%) are falling.

The won–dollar exchange rate is at 1,465.9 won. On the day, the Bank of Korea held the year's final Monetary Policy Board meeting to decide the base rate and decided to keep the base rate at 2.5% per annum.

Jin Young-gi, Hankyung.com reporter young71@hankyung.com