KOSPI Reclaims 5,400 Level on Institutional Buying [FN Morning Market Report]

According to The Financial News, the KOSPI recovered the 5,400 level on the 6th, supported by strong institutional buying.
As of 9:50 a.m. that day, the KOSPI was trading at 5,454.45, up 77.15 points (1.43%) from the previous session.
The index had started the day at 5,423.35, up 46.05 points (0.86%) from the previous close.
In the Stock Market Division of the Korea Exchange, retail investors and foreign investors were net sellers, offloading about 360 billion won and 136.5 billion won worth of shares, respectively.
Institutions, on the other hand, were net buyers of roughly 463.6 billion won, helping to lift the index.
Among the top 14 companies by market capitalization, LG Energy Solution (up 3.76%), Samsung C&T (up 3.23%), and Samsung Electronics (up 2.82%) were posting the largest gains.
In contrast, Hanwha Aerospace (down 1.17%), Hyundai Motor Company (down 0.21%), and HD Hyundai Heavy Industries (down 0.21%) were declining.
By sector, electrical and electronics (up 2.35%), general services (up 2.37%), chemicals (up 1.94%), and manufacturing (up 1.71%) were showing strength.
However, textiles (down 0.76%), food and beverages (down 0.22%), and transportation equipment (down 0.18%) were weaker.
The KOSDAQ Index was trading at 1,062.34, down 1.41 points (0.13%) from the previous session. The index had opened at 1,068.33, up 4.58 points (0.43%), but later turned lower.
khj91@fnnews.com Kim Hyun-jung Reporter