Foreigners and Institutions Sell... KOSPI Starts Slightly Lower

All Top 10 KOSPI Market Cap Stocks Decline
KOSDAQ Starts Down 0.06%

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI failed to continue its upward trend from the previous day and showed a slight decline. It appears that strong selling pressure from foreigners and institutions influenced this. As a result, all of the top 10 KOSPI stocks by market capitalization recorded declines.

On the 21st, the KOSPI opened at 3,214.24, down 0.20% (6.46 points) from the previous trading day. It even dropped to 3,192.43 at 9:20 a.m. that day.

The decline is interpreted as being driven by selling pressure from foreigners and institutions. Foreigners and institutions sold a net amount of 96.3 billion KRW and 112.6 billion KRW, respectively. Individuals bought a net amount of 207.2 billion KRW.

All sectors except paper and wood declined. The textile and apparel sector had the largest drop at -1.06%. This was followed by distribution (-0.95%), electrical and electronics (-0.91%), transportation equipment (-0.77%), and transportation and warehousing (-0.76%). The paper and wood sector rose by 2.59%.

All of the top 10 stocks by market capitalization declined. Celltrion had the largest drop at -1.83%. This was followed by Samsung SDI (-1.30%), Samsung Biologics (-1.19%), NAVER (-1.15%), LG Chem (-1.12%), SK Hynix (-1.08%), Kia (-1.05%), Hyundai Motor (-0.87%), Samsung Electronics (-0.83%), and Kakao (-0.42%).

At the same time, the KOSDAQ opened at 1,031.26, down 0.06% (0.62 points) from the previous trading day. It dropped to 1,027.59 at 9:01 a.m. that day.

Again, foreigners and institutions caused the index decline. Foreigners and institutions sold net amounts of 12.4 billion KRW and 21.9 billion KRW, respectively. Individuals bought a net amount of 40.5 billion KRW.

Many sectors declined. The distribution sector had the largest drop at -1.09%, followed by broadcasting services (-0.77%), internet (-0.66%), entertainment and culture (-0.63%), and transportation (-0.60%). Paper and wood (0.96%), telecommunications equipment (0.72%), finance (0.51%), software (0.44%), and medical and precision instruments (0.22%) rose.

Except for Seegene, all of the top 10 stocks by market capitalization declined. Pearl Abyss had the largest drop at -1.80%, followed by Celltrion Healthcare (-1.62%), Celltrion Pharm (-1.55%), Alteogen (-1.33%), Kakao Games (-1.22%), CJ ENM (-1.14%), SK Materials (-1.02%), HLB (-0.71%), and EcoPro BM (-0.54%). Seegene rose by 1.00%.

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