KOSPI Breaks Above 5,900 Intraday on Institutional Buying Rally

According to The Financial News, the KOSPI recovered the 5,900 level during intraday trading, supported by continued net buying by institutional investors.
As of 11:07 a.m. on the 24th, the KOSPI was trading at 5,921.00, up 74.91 points, or 1.28%, from the previous session.
The index opened at 5,853.48, 7.39 points, or 0.13%, higher than the previous day. At one point during the session, it climbed as much as 77.02 points, or 1.32%, to 5,923.40.
In the Korea Exchange securities market (KOSPI market), institutional investors bought 1.0629 trillion won worth of shares, driving the index higher. In contrast, retail investors and foreigners sold 797.7 billion won and 255.6 billion won, respectively.
Most large-cap stocks by market capitalization were strong. Samsung Electronics and SK hynix gained 2.44% and 5.05%, respectively, while LG Energy Solution also advanced by about 4%.
By sector, metals rose 3.87%, followed by electrical and electronics at 3.11%, and manufacturing at 2.15%.
Over the same period, the KOSDAQ Index was trading at 1,163.13, up 11.14 points, or 0.97%, from the previous session.

dschoi@fnnews.com Reporter Choi Doo-seon Reporter