The Weight of Large Caps: KOSPI Rebounds 1.64% as Samsung Electronics and SK hynix Rise [fn Closing Market Report]

[Financial News] The KOSPI Composite Index rebounded for a second consecutive session as Samsung Electronics and SK hynix both rose. Individual investors recorded more than 3.7 trillion won in net selling, but institutional investors, foreign investors and other corporations absorbed the selling pressure with net buying. The KOSDAQ rose nearly 3% and recovered the 800 level.
On the 4th, the KOSPI Composite Index closed at 6,687.21, up 107.73 points, or 1.64%, from the previous session. After plunging 3.99% on the 2nd, the index rose 0.26% the following day and extended its gains for a second straight session.
The index opened at 6,654.36, up 1.14% from the previous session, and climbed as high as 6,746.14 during the session. Its gain briefly reached 2.53%, but it did not maintain the entire advance through the close. The index remained below the 6,835.80 close recorded on the 1st, just before the sharp drop, recovering only part of its losses.
Large-cap semiconductor stocks by market capitalization performed strongly. Samsung Electronics rose 2.20% from the previous session to 255,500 won, while SK hynix gained 3.20% to 1.647 million won.
The contrast between large-cap and mid- and small-cap stocks was also clear. The KOSPI large-cap index rose 1.76%, while the mid-cap and small-cap indices gained 0.09% and 0.71%, respectively. Although the broader market advanced, the rebound was more pronounced among large-cap stocks.
Trading flows varied by investor group. Individual investors were net sellers of 3.7225 trillion won in the stock market. By contrast, institutions were net buyers of 1.6691 trillion won, while foreign investors purchased a net 503.4 billion won. Other corporations also recorded net buying of 1.5741 trillion won. Among institutional investors, financial investment firms posted the largest net purchases at 1.1867 trillion won. Investment trusts and pension funds also recorded net buying of 321.9 billion won and 84.6 billion won, respectively.
The KOSDAQ posted a larger gain than the KOSPI Composite Index. It closed at 813.50, up 23.29 points, or 2.95%, from the previous session, ending a four-session losing streak that had continued since the 31st of last month. It also recovered the 800 level, which it had surrendered at the previous day’s close, in just one session. KOSDAQ trading value was approximately 6.6492 trillion won, up 34.9% from approximately 4.9287 trillion won the previous day.
[email protected] Choi Doo-sun Reporter