KOSPI Recovers to 3,990 Mark on Foreign and Institutional Buying [fn Closing Market]

[Financial News] On the 2nd, the Korea Composite Stock Price Index (KOSPI) rebounded to the 3,990 level, driven by buying from foreign and institutional investors.
KOSPI closed at 3,994.93, up 74.56 points (1.90%) from the previous session. The index started at 3,939.09, up 18.72 points (0.48%) from the prior close, and continued to gain throughout the day.
In the domestic stock market, individual investors sold shares worth 1.5764 trillion won, while foreign investors and institutional investors purchased 1.2206 trillion won and 392.8 billion won worth of shares, respectively.
Among the top 14 stocks by market capitalization, all closed higher except for Samsung C&T (-0.88%) and Celltrion (-0.86%).
Hyundai Motor (4.52%), KB Financial Group (4.51%), Kia (4.19%), and SK hynix (3.72%) posted the largest gains.
Samsung Electronics, the leading stock by market capitalization on KOSPI, finished at 103,400 won, up 2.58% from the previous session.
By sector, electronics (2.73%), textiles & apparel (2.70%), transportation equipment (2.29%), and finance (2.11%) showed strong performances. In contrast, metals (-0.90%) and pharmaceuticals (-0.42%) declined.
The KOSDAQ Index closed at 928.42, up 6.04 points (0.65%) from the previous session. The index opened at 921.37, down 1.01 points (0.11%), but later reversed course and ended higher.


khj91@fnnews.com Kim Hyun-jung Reporter