Individual vs Institution Fierce Battle, KOSPI 'Mixed'... KOSDAQ 'Declines'
[Asia Economy Reporter Ji Yeon-jin] The KOSPI continued to show mixed trends on the 22nd as individual and institutional investors engaged in fierce trading battles.
As of 10:15 a.m. that day, the KOSPI recorded 3,154.66, down 0.10% (3.09 points) from the previous day. It opened at 3,166.94, up 0.23% (7.36 points) from the previous day, but soon turned into a declining market and has been fluctuating since.
Institutions sold stocks worth 687.8 billion won, and foreigners sold stocks worth 96.8 billion won, but individuals bought stocks worth 773.5 billion won, appearing to defend the stock price.
Samsung Electronics (0.11%) has been fluctuating since the early trading hours, and except for major tech stocks such as NAVER (4.96%), Samsung SDI (1.07%), and Kakao (2.64%), the other top 10 large-cap stocks by market capitalization are showing a downward trend.
In particular, Kia Motors, which recorded gains over the past five days, fell 2.5%, dropping below "90,000 won," and LG Electronics is at 185,000 won, similar to the previous day's closing price.
The KOSDAQ is currently at 979.76, down 1.58 points (0.17%) from the previous day.
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Content stocks such as Kakao Games (5.57%) and Studio Dragon (3.31%) showed gains, but stocks in manufacturing, construction, and distribution sectors declined.
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