KOSPI Fluctuates Around '3150 Level' with Weakness... Foreigners and Institutions Sell Together

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 20th, the domestic stock market continued its weak trend around the 3150 level in the afternoon.

As of 2:05 PM on the day, the KOSPI was trading at 3155.70, down 17.35 points (0.55%) from the previous trading day. The market overall showed increased volatility amid a lack of clear upward momentum and some news of weakened investor sentiment. It appears that investor sentiment was affected by the mention of a possible tapering in the minutes of the U.S. Federal Open Market Committee released overnight. Additionally, there is analysis that the New York stock market closed lower due to the impact of a sharp drop in cryptocurrency prices such as Bitcoin, which affected risk asset investment sentiment.

By investor type, individual investors were the sole net buyers with 857.7 billion KRW. In contrast, foreigners and institutions were net sellers of 629.8 billion KRW and 241.6 billion KRW, respectively. Notably, foreigners have continued a selling streak for seven consecutive trading days in the KOSPI.

Among the top market capitalization stocks, SK Hynix (2.07%), LG Chem (2.16%), NAVER (0.29%), and Samsung SDI (0.32%) rose. On the other hand, Samsung Biologics (-1.34%), Hyundai Motor (-3.03%), Celltrion (-1.10%), and Kia (-3.01%) declined.

At the same time, the KOSDAQ was up 0.34 points (0.04%) from the previous day, standing at 969.44. In the market, foreigners were net buyers of 49.6 billion KRW. Meanwhile, individuals and institutions were net sellers of 7.2 billion KRW and 30 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (0.26%), EcoPro BM (2.96%), and SK Materials (2.50%) rose. Seegene (-5.12%), HLB (-2.00%), and Alteogen (-4.36%) experienced relatively large declines.

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