The KOSPI, which started lower, closed slightly higher on May 8, buoyed by buying from individual investors. As the market digests the recent surge, a rotation among stocks continues.
According to the Korea Exchange, the KOSPI rose by 7.95 points (0.11%) to close at 7,498.00. The index opened at 7,353.94, down 136.11 points (1.82%) from the previous session.
Lee Kyung-min, a researcher at Daishin Securities, noted, "The domestic market is seeing profit-taking after a sharp rise recently, with foreign investors expanding net selling, particularly in large electric and electronics sectors."
He added, "The semiconductor sector within the KOSPI is taking a breather, while rotation into robotics and neglected sectors continues."
In the securities market, individuals and institutions net bought 4.79 trillion won and 1.28 trillion won, respectively, while foreign investors net sold 6.23 trillion won.
Among the top market capitalization stocks, SK Hynix (1.93%), Hyundai Motor (7.17%), Samsung C&T (4.32%), and Samsung Biologics (0.27%) saw gains, while Samsung Electronics (-1.10%), SK Square (-0.09%), LG Energy Solution (-1.35%), Doosan Enerbility (-4.99%), and HD Hyundai Heavy Industries (-5.05%) declined.
The KOSDAQ index closed at 1,207.72, up 8.54 points (0.71%). It started the day at 1,199.47, a slight increase of 0.29 points (0.02%), and quickly regained the 1,200 mark shortly after opening.
In the KOSDAQ market, foreign and institutional investors net bought 518.3 billion won and 82.6 billion won, respectively, while individuals net sold 592 billion won.
Among the top KOSDAQ stocks, EcoPro BM (0.85%), Rainbow Robotics (12.48%), Kolon TissueGene (11.52%), Samchundang Pharm (1.13%), ABL Bio (2.93%), and Rigakem Bio (2.41%) closed higher, while EcoPro (-2.94%), Alteogen (-4.49%), Rino Industrial (-0.79%), and HLB (-2.18%) fell.
* This article has been translated by AI.
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