KOSPI, Large-scale Selling by Institutional Investors... Falls Below 2400 Level

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] Despite buying pressure from individuals and foreigners, the KOSPI is trading below the 2400 level due to large-scale selling by institutions.

At 1:41 PM on the 13th, the KOSPI stood at 2399.02, down 0.20% (4.71 points) from the previous session.

On this day, the KOSPI opened at 2,416.85, up 13.12 points (0.55%) from the previous session, but later gave up gains and turned downward.

By investor type, individuals and foreigners bought stocks worth 164.5 billion KRW and 82.5 billion KRW respectively, while institutions sold stocks worth 241.7 billion KRW.

Among the top market capitalization stocks, Samsung Electronics rose 0.66% to 60,800 KRW compared to the previous session. SK Hynix (1.29%), NAVER (1.03%), and Samsung Biologics (0.28%) also increased. On the other hand, LG Chem (-3.57%), Hyundai Motor (-0.28%), and Celltrion (-0.91%) declined.

At the same time, the KOSDAQ index also fell 0.22% (0.22 points) to 871.59 from the previous session. The index opened at 878.15, up 4.65 points (0.53%) from the previous session, but the gains narrowed somewhat.

By investor type, individuals were the sole net buyers with 172.4 billion KRW worth of stocks. Meanwhile, foreigners and institutions sold stocks worth 73.2 billion KRW and 64.5 billion KRW respectively.

Looking at the top market capitalization stocks in the KOSDAQ market, most declined except for Alteogen (2.61%) and Kakao Games (0.20%).

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