KOSPI Ends Slightly Lower as Foreigners Sell Net for 30 Consecutive Days... KOSDAQ Rises 2%

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The KOSPI closed slightly lower as foreign investors continued their net selling for the 30th consecutive trading day. In contrast, the KOSDAQ index rose more than 2%, closing above the 620 mark, driven by purchases from foreign and institutional investors.

On the 16th, the KOSPI closed at 1857.07, down 0.01 points (0.00%) from the previous trading day. The KOSPI started lower, maintained a slight decline during the morning session, and showed mixed trends in the afternoon, briefly surpassing the 1860 level. However, gains narrowed toward the end of the session, closing slightly down.

Looking at trading trends by participant, foreign investors sold a net 566.9 billion KRW, continuing their net selling streak for 30 consecutive trading days. Meanwhile, individual and institutional investors bought net 389.4 billion KRW and 135.1 billion KRW, respectively.

By sector, non-metallic minerals (5.83%), textiles and apparel (1.65%), and medical precision instruments (1.62%) rose, while electric and gas utilities (-3.67%), banks (-2.23%), and insurance (-2.16%) declined.

Among the top market capitalization stocks, Samsung SDI (7.75%) and LG Chem (5.05%) surged sharply. Kakao (3.76%), NAVER (1.19%), and SK Telecom (0.26%) also rose, whereas POSCO (-3.83%), SK Hynix (-1.22%), and Hyundai Mobis (-1.13%) fell.

On the day, the KOSPI market saw 452 stocks rise without any hitting the upper limit, 401 stocks fall without any hitting the lower limit, and 48 stocks remained unchanged.

The KOSDAQ index closed up more than 2%. After starting lower, the KOSDAQ turned positive around 10 a.m. and steadily increased, closing at 623.43, up 13.14 points (2.15%) from the previous day.

By trading participant, foreign and institutional investors led the index rise with net purchases of 72.9 billion KRW and 14.2 billion KRW, respectively. Conversely, individual investors sold a net 86.4 billion KRW.

By sector, entertainment and culture (7.16%), internet (5.47%), general electric and electronics (4.60%), telecommunications equipment (3.92%), and paper and wood products (3.88%) rose, while broadcasting services (-0.61%) declined.

Among the top market capitalization stocks, Studio Dragon surged nearly 10% (9.00%). EcoPro BM (6.96%), Paradise (6.45%), Helixmith (5.95%), KMW (5.24%), and SK Materials (5.09%) also rose. Meanwhile, Genexine (-1.46%), Celltrion Pharm (-1.21%), and Hugel (-0.48%) declined.

On the day, the KOSDAQ market saw 932 stocks rise, including 6 hitting the upper limit, 322 stocks fall without any hitting the lower limit, and 74 stocks remained unchanged.

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