KOSPI Narrows Gains in Afternoon... Foreigners and Institutions Net Sellers

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] In the afternoon, foreign investors switched to net selling, narrowing the gains of the KOSPI.

As of 1:20 PM on the 2nd, the KOSPI stood at 3,227.29, up 0.13% (4.07 points) from the previous trading day. During the session, the KOSPI had surged as much as 0.6% to 3,241.07 but the upward momentum has slowed down in the afternoon.

The main reason was the shift of foreign investors, who had been net buyers in the early session, turning to net sellers. Looking at investor trends, individuals bought stocks worth 191.3 billion KRW alone, while foreigners and institutions sold stocks worth 25.3 billion KRW and 147.1 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics traded up 0.37% at 80,900 KRW, while all other major stocks declined. SK Hynix (-1.56%), NAVER (-0.95%), LG Chem (-1.82%), Kakao (-0.39%), and Samsung Biologics (-1.44%) also fell.

At the same time, the KOSDAQ index stood at 980.94, down 0.37% (3.65 points) from the previous trading day. The index opened at 985.50, up 0.09% from the previous day, but the downward trend continues due to net selling by foreigners and institutions.

Investor trends show that individuals bought stocks worth 184.6 billion KRW alone, while foreigners and institutions sold stocks worth 120.3 billion KRW and 50 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (-1.75%), Celltrion Pharm (-1.94%), Pearl Abyss (-1.17%), and EcoPro BM (-0.57%) also declined.

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