KOSPI at 7,880, just shy of 7,900, as retail and institutional buying continues [fn afternoon market update]

\r\n
\r\n[The Financial News] The KOSPI Composite Index is nearing a break above the 7,900 level on the 11th, supported by buying from retail investors and institutions.
At 2:25 p.m. that day, the KOSPI Composite Index was trading at 7,883.43, up 385.43 points, or 5.14%, from the previous session. It opened at 7,775.31, up 277.31 points, or 3.70%, and has since extended its gains.
On the Korea Exchange Main Board, retail investors and institutions have posted net purchases of 2.0087 trillion won and 1.0932 trillion won, respectively. Foreign investors, meanwhile, have recorded net sales of 3.0756 trillion won.
By sector, electric and electronics stocks rose 8.32%, manufacturing 7.86%, transportation equipment and parts 4.27%, distribution 3.51%, telecommunications 2.05%, and finance 1.51%. Real estate fell 2.30%, entertainment and culture 2.27%, electricity and gas 2.09%, pharmaceuticals 2.09%, transportation and warehousing 1.95%, and paper and wood 1.81%.
Among the largest companies by market capitalization, Samsung Electronics Co., Ltd. and SK hynix led the index higher, rising 7.08% and 15.30%, respectively. SK Square gained 8.93%, Hyundai Motor Company 4.73%, Samsung C&T Corporation 7.22%, HD Hyundai Heavy Industries 3.95%, Kia Corporation 7.05%, and Hanwha Aerospace 0.99%. LG Energy Solution fell 1.36%, Doosan Enerbility 1.62%, Samsung Biologics 1.15%, and Samsung Electro-Mechanics 1.64%.
At the same time, the KOSDAQ was trading at 1,204.13, down 3.59 points, or 0.30%, from the previous session. It opened at 1,212.88, up 5.16 points, or 0.43%, but later turned lower.
On the KOSDAQ, foreign investors and retail investors are buying 151.3 billion won and 134.1 billion won worth of shares, respectively. Institutions, on the other hand, are selling 237.3 billion won worth.
\r\n
yimsh0214@fnnews.com Lim Sang-hyuk Reporter