KOSPI Ends Slightly Higher Around 5,220 After Hitting 5,300 Intraday; KOSDAQ Turns Lower, Down 1.3% [Market Close]

[The Financial News] The Korea Composite Stock Price Index (KOSPI) briefly broke above the 5,300 level for the first time ever during trading on the 30th, but closed slightly higher around 5,220 as profit-taking emerged. Individual investors were net buyers of more than 2 trillion won, but selling by foreign and institutional investors capped further gains.
The KOSPI finished at 5,224.36, up 0.06% from the previous session. The index opened at 5,210.35, down 0.21%, then swung sharply and climbed as high as 5,321.68, a gain of 1.92%. This was the first time the KOSPI had ever crossed the 5,300 mark intraday. It then retreated to as low as 5,199.78, down 0.41%, on profit-taking before rebounding again in a roller-coaster session.
In the KOSPI Market, individual investors were net buyers of about 2.3 trillion won. In contrast, foreign investors and institutions showed net selling of more than 1.9 trillion won and 425 billion won, respectively.
Share-price moves diverged for market heavyweights Samsung Electronics and SK hynix. Samsung Electronics slipped 0.12% to close at 160,500 won. SK hynix, on the other hand, surged 5.57% to end at 909,000 won, setting a new milestone often dubbed the "900,000 won Hynix" level. During the session, the stock jumped as much as 8.13% to 931,000 won.
By sector, securities (3.47%), textiles and apparel (3.36%), and telecommunications (3.03%) advanced. Electric and gas utilities (-3.69%), construction (-3.22%), and metals (-2.65%) ended lower.
The KOSDAQ index closed at 1,149.44, down 1.29%.

elikim@fnnews.com Kim Mi-hee Reporter