KOSPI Closes Above 5,000 Points for First Time Ever [FN Market Close]

According to The Financial News, the KOSPI broke through the 5,000-point level on a closing basis for the first time in history, boosted by net buying from both foreign and institutional investors.
On the 27th, the KOSPI finished trading at 5,084.85, up 135.26 points, or 2.73%, from the previous session.
The index started the day at 4,932.89, down 16.70 points, or 0.34%. During intraday trading, it fell as much as 58.87 points, or 1.19%, to 4,890.72, briefly breaking below the 4,900-point mark.
However, strong net buying by foreign and institutional investors pushed the index up during the session, allowing it to settle firmly above the 5,080-point level.
In the KOSPI Market, foreign investors bought a net 889.5 billion won, while institutions purchased 264.5 billion won. Individual investors, on the other hand, were net sellers of 1.0661 trillion won.
Among large-cap stocks by market capitalization, performance was mostly mixed, but semiconductor shares showed notable strength. SK hynix jumped as much as 8.70% during the session, trading at 800,000 won for the first time ever. Samsung Electronics also climbed 4.87% from the previous day to 159,500 won, nearing the 160,000-won level.
By sector, telecommunications gained 7.42%, followed by electrical and electronics at 5.10% and securities at 4.50%. In contrast, transportation equipment and parts fell 1.14%, and pharmaceuticals slipped 0.84%.
After closing above 1,000 points on a closing basis the previous day, the KOSDAQ Index added another 18.18 points, or 1.71%, to finish at 1,082.59. Institutional investors bought 1.66 trillion won in the KOSDAQ market on the day, extending their aggressive buying to more than 5.2 trillion won over the past three trading sessions.


dschoi@fnnews.com Choi Doo-seon Reporter