The KOSPI ended trading by reclaiming the 7,000 mark on the back of net buying by institutional investors on the 2nd. The KOSDAQ, which fluctuated throughout the session, closed lower in the 893rd range.
On this day, the KOSPI closed at 7,003.74, up 32.39 points (0.46%) from the previous trading day. The KOSPI opened at 6,938.27, down 33.08 points (0.47%) from the previous session, and showed a flat trend with repeated slight rises and falls.
Lee Kyung-min, a researcher at Daishin Securities, analyzed, "The KOSPI fluctuated in the flat range amid net selling by retail investors and net buying by other corporate entities," adding, "With caution surrounding macroeconomic variables such as interest rates and oil prices, the domestic stock market also lacked new momentum to offset the burden of high interest rates, leading to a continued wait-and-see stance."
As institutional investor buying intensified in the final stretch, the KOSPI reclaimed the 7,000 mark for the first time in five trading days. According to Korea Exchange statistics as of 3:47 p.m., institutional investors made net purchases of 381.4 billion won. Retail investors sold a net 1.7206 trillion won, and foreign investors sold a net 136.7 billion won.
Among top market capitalization sectors, Samsung Electronics closed flat, while SK Hynix, SK Square, and KB Financial Group ended with slight gains. LG Energy Solution rose in the 2nd% range, and Hanwha Aerospace climbed in the 3rd% range. Samsung Life Insurance gained in the 1st% range, while Hyundai Motor and Samsung C&T ended slightly lower, and Samsung Biologics closed down in the 4th% range.
By sector, refining stocks were strong, with SK Innovation and S-Oil surging in the 10th% range as beneficiaries of rising international oil prices.
Chemicals rose in the 3rd% range, while metals and telecommunications gained in the 1st% range. Insurance, transportation equipment, financials, manufacturing, electrical and electronics, and distribution ended with slight gains, while securities, entertainment and culture, and construction closed slightly lower. Pharmaceuticals were weak, falling in the 2nd% range.
Researcher Lee Kyung-min noted, "A differentiated market by sector continued amid a supply-demand gap between foreign and institutional investors," adding, "The solar power sector, which received earnings momentum, and defense stocks, where rotation buying unfolded, were generally strong."
The KOSDAQ ended trading at 893.29, down 1.00 points (0.11%). The KOSDAQ, which was down 1.07 points (0.12%) on this day, also fluctuated in the flat range, similar to the KOSPI.
As foreign investors continued their selling streak, the KOSDAQ ended a five-trading-day winning streak with a decline. Foreign investors made net sales of 174.4 billion won, while institutional investors and retail investors bought a net 93.8 billion won and 81.5 billion won, respectively.
On the KOSDAQ, space theme stocks were strong as beneficiaries of the U.S. NASA (National Aeronautics and Space Administration) next-generation space telescope project. Optical communication stocks surged on expectations of expanding AI data center demand and benefits from U.S. spectrum auctions, leading the index higher.
Differentiation was also seen among top market capitalization stocks. Simmtech and Robotechs were strong in the 4th% range, while Rino Industrial and RAINBOW Robotics rose in the 3rd% and 2% ranges, respectively. Conversely, Alteogen fell in the 2nd% range, while Wonik IPS dropped in the 3rd% range and HPSP declined in the 4th% range.
At 3:30 p.m. on this day in the Seoul foreign exchange market, the won-dollar exchange rate traded at 1,350.6 won, down 7.8 won from the previous daily trading session.
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