KOSPI and KOSDAQ Both Fall Amid Institutional Net Selling Pressure

On the 9th, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Kum Boryeong] Both the KOSPI and KOSDAQ indices showed a downward trend on the afternoon of the 12th due to strong net selling by institutions.

As of 12:39 PM that day, the KOSPI index was at 2474.14, down 0.47% (11.73 points) from the previous close.

The KOSPI opened at 2482.68, down 0.13% (3.19 points) from the previous trading day, and fluctuated throughout the session.

In the KOSPI market, individuals and foreigners were net buyers of 364.8 billion KRW and 52.9 billion KRW respectively, while institutions were net sellers of 419.9 billion KRW.

By sector, Paper & Wood (1.23%) and Transportation & Warehousing (1.51%) rose, whereas Steel & Metals (0.79%) and Construction (1.17%) declined.

Among the top 10 companies by market capitalization, SK Hynix (0.57%), LG Chem (1.01%), Kakao (0.56%), and LG Household & Health Care (3.69%) rose, while Samsung Electronics (0.49%), Samsung Biologics (0.39%), and Celltrion (1.69%) fell.

At the same time, the KOSDAQ index was at 837.70, down 0.26% (2.2 points) compared to the previous close.

The KOSDAQ opened at 844.64, up 0.56% (4.74 points) from the previous trading day, maintaining an upward trend before turning downward after 12:25 PM.

In the KOSDAQ market, individuals were net buyers of 93.9 billion KRW, while foreigners and institutions were net sellers of 40.7 billion KRW and 45.0 billion KRW respectively.

By sector, Information Devices (0.55%) and Entertainment & Culture (0.92%) rose, whereas Telecommunications Equipment (1.18%) and Pharmaceuticals (1.29%) declined.

Among the top market cap stocks, Alteogen (1.29%) and Kakao Games (0.52%) were on the rise, while Celltrion Healthcare (1.26%), Seegene (4.81%), Celltrion Pharm (3.79%), and CJ ENM (1.38%) were declining.

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