KOSPI Slightly Declines Amid Net Selling by Foreigners and Institutions
[Asia Economy Reporter Minji Lee] The KOSPI is showing a slight downward trend due to net selling by foreigners and institutions. Although the KOSDAQ index reached a new intraday high, it is showing mixed trends, alternating between declines and rises.
At 9:11 a.m. on the 20th, the KOSPI stood at 2,818.44, down 0.07% (2.07 points) from the previous trading day. The KOSPI opened the session at 2,820.36, down 0.01% (0.15 points) from the previous day, and continued its weakness. Looking at investor trends, individual investors alone bought stocks worth 90.6 billion KRW in the early session. Foreigners and institutions sold stocks worth 69.6 billion KRW and 21.8 billion KRW, respectively.
Seonghoon Seo, a researcher at Samsung Securities, said, “Although the domestic stock market is in the year-end off-season, individual investors are showing active buying. Since individual buying is expected to continue for some time, the market’s downside will become firmer than before.”
Among the top market capitalization stocks, Samsung Electronics and SK Hynix fell by 0.38% and 0.43%, respectively, compared to the previous trading day. On the other hand, Samsung Biologics (0.24%), Naver (1.94%), Hyundai Motor (0.26%), and Kakao (1.95%) showed upward trends.
The KOSDAQ index reached a new intraday high but is showing mixed trends, alternating between rises and falls. At the same time, the KOSDAQ index stood at 958.75, up 0.14% (1.34 points) from the previous trading day. The KOSDAQ index opened the session at 957.38, down 0.00% (0.03 points) from the previous day.
Looking at investor trends, individuals alone bought stocks worth 51.5 billion KRW in the KOSDAQ market, while institutions and foreigners sold stocks worth 9.6 billion KRW and 38.7 billion KRW, respectively.
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Among the top market capitalization stocks, Celltrion Healthcare and Celltrion Pharm fell by 3.45% and 4.04%, respectively, compared to the previous day. On the other hand, Alteogen (0.40%), HL Biopharma (0.55%), and SK Materials (0.55%) rose.
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