KOSPI Remains Steady Despite Fluctuations... Closes Securing 3210 Level

Foreigners and Institutions Both Sell... KOSDAQ Falls About 1%

On the afternoon of the 27th, employees are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul.
[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI, which had faltered due to simultaneous selling by foreigners and institutions, ultimately closed by recovering the 3210 level.

On the 27th, the KOSPI closed at 3215.42, down 0.07% (2.11 points) from the previous day. It opened at 3218.30, up 0.02% from the previous day, and showed a downward trend throughout the trading hours but closed without a significant drop. Around 2:17 PM, it recorded 3203.25 but eventually rebounded to recover the 3210 level.

Selling pressure from foreigners and institutions persisted throughout the day. They net sold 337.2 billion KRW and 107.8 billion KRW worth of stocks, respectively. On the other hand, individuals bought 453.3 billion KRW worth of stocks.

More sectors rose than fell. The steel and metal sector had the largest gain at 4.83%. This was followed by electric and gas utilities (1.59%), construction (1.40%), and paper and wood (0.92%). Pharmaceuticals (-2.18%), non-metallic minerals (-1.10%), and transportation equipment (-0.89%) declined.

Among the top 10 market capitalization stocks, more sectors declined. Celltrion had the largest drop at -3.86%. This was followed by Samsung Biologics (-1.47%), Kia (-0.97%), Samsung Electronics (-0.72%), and Hyundai Motor (-0.68%). Kakao (2.97%), SK Hynix (2.66%), LG Chem (0.91%), and NAVER (0.66%) rose.

The KOSDAQ closed at 1021.01, down 0.88% (9.05 points) from the previous day. It opened at 1030.29, up 0.02% from the previous day, but quickly turned downward. It closed in the low 1020s without any significant rebound. Around 2:18 PM, it even dropped to 1019.81.

Again, selling by foreigners and institutions was prominent. They sold 127.4 billion KRW and 18.3 billion KRW worth of stocks, respectively. Individuals net bought 157.9 billion KRW.

Most sectors declined. The largest drops were in distribution (-2.28%), pharmaceuticals (-1.86%), telecommunications equipment (-1.84%), publishing and media replication (-1.75%), and digital content (-1.55%). Transportation (4.48%), information devices (3.00%), and food and tobacco (1.40%) rose.

Almost all of the top 10 market capitalization stocks declined. HL Biotech (-4.01%), Celltrion Healthcare (-3.65%), Celltrion Pharm (-2.20%), Pearl Abyss (-1.82%), Kakao Games (-1.75%), Alteogen (-1.04%), CJ ENM (-0.89%), and EcoPro BM (-0.77%) declined. Only Genexine (7.17%) and SK Materials (1.63%) rose.

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