Seoul shares broke through a key psychological line at 2,000 points on Wednesday to a six-month closing high as abundant offshore liquidity lent steady support, with investors brushing off setbacks in Greece's efforts to iron out a debt deal. The Korea Composite Stock Price Index (KOSPI) climbed 1.12 percent to close at 2,003.73 points, breaking above the 2,000 point plateau for the first time since S&P downgraded the US credit rating in August.
Offshore investors snapped up a net 396.2 billion won ($354.1 million) worth of shares on Wednesday, having gobbled up a net 8.5 trillion won worth so far this year. They have been buyers in 20 of the last 22 sessions. Institutional investors were also net buyers, purchasing a net 16.9 billion won worth of shares to snap an 11-day selling streak. 582.1 million shares changed hands in the main bourse while gainers outnumbered losers 504 to 318. The KOPSI 200 index rose 1.21 percent while the junior KOSDAQ index edged up 0.36 percent.
Comments
Comments are closed.