KOSPI Mixed Due to Net Selling by Foreigners and Institutions... KOSDAQ Holds at 940 Level

[Asia Economy Reporter Minji Lee] Both the KOSPI and KOSDAQ indices started higher but are showing mixed trends due to selling pressure from institutions and foreigners. The KOSDAQ index is fluctuating around the 0.1% level, maintaining the 940 mark.

[Image source=Yonhap News]

At 9:24 a.m. on the 18th, the KOSDAQ index stood at 943.76, down 0.04% (0.28 points) from the previous trading day. The KOSDAQ index opened the session at 945.81, up 0.13% (1.77 points) from the previous closing price. It had risen for seven consecutive trading days until the previous day, surpassing the closing price of 943.00 on March 2, 2002, for the first time in about 19 years, but turned downward amid increased selling by foreigners and institutions.

Looking at investor trends, foreigners and institutions sold stocks worth 61.9 billion KRW and 28 billion KRW respectively in the KOSDAQ market. Individual investors alone purchased stocks worth 96.5 billion KRW. Among the top market capitalization stocks, Celltrion Healthcare (0.13%) and Celltrion Pharm (0.13%) rose, while Seegene (-1.98%), Alteogen (-1.31%), and SK Materials (-1.07%) declined.

On the same day, the KOSPI also started higher at 2,770.95, up 0.02% (0.52 points) from the previous trading day, but narrowed gains and showed mixed trends. At the same time, the KOSPI was at 2,769.86, down 0.02% (0.57 points) from the previous session. Regarding investor trends, individual investors alone bought stocks worth 189.1 billion KRW, while foreigners and institutions sold stocks worth 30.1 billion KRW and 143.4 billion KRW respectively.

Among the top market capitalization stocks, Samsung Electronics recorded 73,100 KRW, down 0.27% from the previous session. SK Hynix (-0.84%), LG Chem (-0.84%), Naver (-0.53%), Hyundai Motor (-0.52%), and Samsung SDI (-0.35%) also declined.

Seo Sang-young, a researcher at Kiwoom Securities, said, “The U.S. released disappointing economic indicators, reflecting concerns that the recovery pace may slow down in the stock market,” adding, “Today’s domestic stock market is expected to fluctuate depending on individual issues such as stocks expected to improve earnings.”

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