Individuals Net Buyers of 1.4 Trillion Won vs. Foreigners and Institutions Net Sellers of 1.5 Trillion Won...KOSPI Around 5,260 [The Financial News Afternoon Market Report]

[The Financial News] The Korea Composite Stock Price Index (KOSPI) was hovering around the 5,260 level on the 30th, supported by strong net buying from retail investors.
As of 2:00 p.m., the KOSPI was at 5,266.86, up 0.87% from the previous session. The index opened at 5,210.35, down 0.21%, then swung up and down before surging to as high as 5,321.65, a gain of 1.92%. This was the first time the KOSPI had ever broken above the 5,300 level during intraday trading. It then reversed lower to 5,199.78, down 0.41%, but is currently holding above 5,260.
In the KOSPI Market, individual investors were net buyers of about 1.44 trillion won, helping to lift the index. In contrast, foreign investors and institutions were net sellers of roughly 965 billion won and 560 billion won, respectively, locking in profits.
Market heavyweights Samsung Electronics and SK hynix were trading at 162,800 won and 912,000 won, up 1.31% and 5.92%, respectively. SK hynix, which for the first time reached the so-called 900,000-won milestone, at one point jumped 8.13% intraday to 931,000 won.
Other large-cap stocks, however, were weaker. Hyundai Motor Company was down 4.55%, Korea Electric Power Corporation (KEPCO) fell 4.26%, and POSCO Holdings lost 3.71%, with most major names in negative territory.
By sector, securities (3.47%), textiles and apparel (3.36%), and telecommunications (3.03%) were gaining, while electricity and gas (-3.69%), construction (-3.22%), and metals (-2.65%) were under pressure.
At the same time, the KOSDAQ was at 1,165.53, up 1.12% from the previous session.
elikim@fnnews.com Kim Mi-hee Reporter