Foreigners and Institutions Both Selling Heavily, KOSPI and KOSDAQ Maintain Slight Decline

Maintaining the 2740 Level

On the 15th, employees are working in the dealing room at the Myeongdong Hana Bank headquarters in Jung-gu, Seoul.
[Photo by Yonhap News]

[Asia Economy Reporter Minwoo Lee] Both foreigners and institutions showed net selling, causing both the KOSPI and KOSDAQ to exhibit slight declines.

As of 1:39 PM on the 15th, the KOSPI recorded 2743.41, down 0.68% from the previous day. It opened at 2763.65, up 0.05% (1.45 points) from the previous day, but shifted to a downward trend early in the session and continued a slight decline.

The selling pressure from foreigners and institutions led the index decline. Foreigners and institutions net sold 217 billion KRW and 362.7 billion KRW respectively. Individuals bought 544.4 billion KRW.

Almost all sectors were in decline. The pharmaceutical sector had the largest drop at -2.30%. This was followed by construction (-1.87%), steel & metals (-1.83%), and food & beverages (-1.71%). Only medical precision (0.79%) and insurance (0.58%) rose.

Among the top 10 market capitalization stocks, only LG Chem rose by 0.6%. The rest were all down. Celltrion had the largest drop at -3.9%, followed by Kia Motors (-2.3%), Samsung Biologics (-1.7%), SK Hynix (-1.2%), Hyundai Motor (-1.0%), Kakao (-0.9%), and Samsung Electronics (-0.6%).

The KOSDAQ showed a similar trend. At the same time, it stood at 925.43, down 0.45% from the previous day. It also opened slightly higher at 930.73, up 0.13%, before reversing to a decline.

Again, selling pressure from foreigners and institutions was prominent. Foreigners sold 92.2 billion KRW and institutions sold 82.0 billion KRW. Individuals net bought 221 billion KRW.

Many sectors declined. Distribution and transportation fell by -2.77% and -2.32% respectively. This was followed by textiles & apparel (-1.33%), food & tobacco (-1.30%), broadcasting services (-1.29%), and digital content (-1.25%). Meanwhile, medical & precision instruments (1.29%), semiconductors (1.10%), and IT hardware (0.86%) rose.

Most of the top 10 market cap stocks declined. Celltrion Healthcare had the largest drop at -4.0%, followed by Pearl Abyss (-3.4%), Celltrion Pharm (-2.0%), Kakao Games (-1.8%), and HL Biotech (-1.7%). Only three stocks rose: KMH (0.7%), Seegene (0.4%), and EcoPro BM (0.1%).

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