KOSPI Hits 2,010 Level on the Back of 19 Consecutive Day Foreign Net-buying

SEOUL, KOREA- KOSPI, the composite index for those common stocks traded on the Korea Exchange, is gaining strength on the back of foreign net-buying for 19 consecutive days. At 10:53 am on September 23, KOSPI was traded at 2012.80, up 7.22 points (0.36%) from the previous trading day. Last week, the stock markets around the world saw steep rises all across the board owing to the announcement by the U.S. Federal Reserve to keep its quantitative easing stance for the time being. But the Korea Exchange has been closed for Chuseok holidays.

On the 23rd, foreign investors net-bought 82.5 billion won while institutional investors and individuals net-bought 84.9 billion won and 5.2 billion won, respectively.

By industry, the situation was mixed. Food processing (2.01%) and machinery companies saw their shares rise slightly while those in non-ferrous metal (-1.05%) and electronic and electric (-0.68%) witnessed their share prices go south.

large-cap stocks such as Samsung Electronics, Hyundai Motor, and POSCO fell while others such as Hyundai Mobis, Kia Motors, SK Hynix, Shinhan Financial Group, Samsung Life, and Hyundai Heavy Industries rose slightly. In all, 479 shares rose while 304 declined in the Korea Exchange, with the total transaction volume of 1,901.2 billion won.

Korea IT Times (info@koreaittimes.com) 다른기사 보기