KOSPI Falls 1% on New Year's Day, Closes at 2170 Level... KOSDAQ Slightly Up

[Image source=Yonhap News]

[Asia Economy Reporter Koo Eun-mo] On the first day of the new year, the KOSPI closed at the 2170 level, falling more than 1% due to massive selling by institutional investors. In contrast, the KOSDAQ index rose slightly on net buying by individual investors, continuing its upward trend for the fourth consecutive trading day.

On the 2nd, the KOSPI started higher but turned lower early in the session, widening its losses to maintain a decline of around 1%. It closed at 2175.17, down 22.50 points (1.02%) from the previous day.

Looking at trading trends by participant, institutional investors led the decline with net sales of 545.9 billion KRW. Foreign investors also sold net 6.3 billion KRW. On the other hand, individual investors bought net 530.2 billion KRW.

By sector, paper and wood (2.17%), electric and gas utilities (1.75%), and textiles and apparel (0.66%) rose, while transportation equipment (-2.29%), insurance (-2.21%), and banking (-2.08%) fell.

Most of the large-cap stocks declined. Hyundai Mobis (-3.32%), KB Financial Group (-2.31%), NAVER (-2.14%), Hyundai Motor (-2.07%), and Shinhan Financial Group (-1.73%) all dropped. Meanwhile, SK Hynix (0.64%) and LG Household & Health Care (0.40%) rose slightly.

On the KOSPI market that day, 425 stocks rose, including one that hit the upper price limit, while 423 stocks fell, including one that hit the lower price limit. 62 stocks remained unchanged.

In contrast, the KOSDAQ index rose slightly, continuing its four-day winning streak. The KOSDAQ started higher but briefly turned lower early in the session before turning upward around 11 a.m. It maintained a gain of about 0.5% and closed at 674.02, up 4.19 points (0.63%) from the previous trading day.

By participant, individual investors led the rise with net buying of 182.7 billion KRW. Meanwhile, institutional and foreign investors sold net 116.0 billion KRW and 64.9 billion KRW, respectively.

By sector, telecommunications equipment (5.63%), paper and wood (2.05%), and software (1.84%) rose, while broadcasting services (-1.72%), digital content (-0.51%), and internet (-0.27%) declined.

Among the large-cap stocks, KMV surged with a double-digit gain of 12.13%, while Paradise (2.03%), Helixmith (1.51%), and Medyion (1.31%) also rose. On the other hand, CJ ENM (-2.51%), SK Materials (-2.43%), Hugel (-2.39%), and SFA (-2.27%) fell.

On the KOSDAQ market that day, 863 stocks rose, including three that hit the upper price limit, while 388 stocks fell with no lower limit hits. 101 stocks remained unchanged.

This content was produced with the assistance of AI translation services.