Kospi Rises for 4 Consecutive Days in Foreign Purchases

KOSPI renewed its connection point by closing the rise for four days in a row thanks to foreign buying.

On this day, KOSPI finished the market at 2,443.58, up 15.67 points (0.65%) from the previous day.

With the end of the increase for 4 days in a row, it changed the ointment point (2,437.53) on the 13th of last month in less than a month. It is the highest in 27 months since June 12, 2018 (2,468.83).

The index on this day started at 2,434.59, up 6.68 points (0.28%) from the previous trading day, and then expanded.

The index started strong on the back of the strong US stock market and then turned downward due to the opening of sales following the previous day’s rise. However, after that, it turned to an uptrend and widened the rise.

Seo Sang-young, a researcher at Kiwoom Securities [039490], explained, “Amid the solid state of the semiconductor industry, the pace of the increase expanded as China’s real economic indicators gave good results.”

By industry, transportation warehouses (1.30%), electrical/electronics (1.11%), textiles and clothing (1.08%) rose 1%, while pharmaceuticals (0.69%) and chemicals (0.58%) also rose. Telecommunications (-0.81%), construction (-0.50%) and banking (-0.36%) sectors fell.

Among the top stocks by market capitalization, SK Hynix [000660] (2.38%), Naver (035420) (2.97%), and Kakao (2.01%) showed a 2% increase. Samsung Electronics [005930] (0.99%), LG Chem [051910] (1.97%), and Samsung Biologics [207940] (1.31%) also rose. Hyundai Motor Company [005380] (-0.56%) ended slightly lower.

On this day, 411 stocks rose and 423 stocks fell.

The KOSDAQ closed at 899.46, up 5.29 points (0.59%) from the previous day, and reached the highest point since April 17, 2018 (901.22).

The index started at 898.63, up 4.41 points (0.49%) from the previous trading day, and then broke through the 900 line.

Among the top stocks in market cap, Celltrion Healthcare [091990] (0.50%), Seegene [096530] (1.28%), and Alteogen [196170] (5.06%) ended higher. Kakao Games [293490] (-8.54%) fell sharply for two consecutive days.

On this day, the won/dollar exchange rate in the Seoul foreign exchange market closed at 1,179 won, down 4.5 won from the previous day’s closing price.