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KOSPI turns higher as institutions buy while retail and foreign investors sell

KOSPI turns higher as institutions buy while retail and foreign investors sell

Key stock indices are displayed on the electronic board in the dealing room of Hana Bank in Jung-gu, Seoul, Monday. / Newsis photo by Lee Young-hwan
Key stock indices are displayed on the electronic board in the dealing room of Hana Bank in Jung-gu, Seoul, Monday. / Newsis photo by Lee Young-hwan

The KOSPI index, which opened lower on Monday, turned to gains driven by net buying from institutional investors.

At 9:45 a.m., the KOSPI index was trading at 5744.42, up 13.68 points (0.24%) from the previous close. The KOSPI, which opened at 5637.77, down 92.97 points (1.62%), fell as low as 5616.50, a drop of 114.24 points (1.99%), in the early trading session before narrowing its losses and turning to gains. It briefly rose to 5747.96, up 17.22 points (0.30%).

By investor type, institutional investors made net purchases of 364.2 billion won, while retail and foreign investors made net sales of 207.9 billion won and 183.9 billion won, respectively.

"This article was translated using AI and may differ slightly from the original."