Foreigners Turn Net Buyers... KOSPI Declines Narrow

KOSDAQ Also Sees Reduced Decline

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI slightly recovered as foreign investors turned to buying.

As of 1:48 PM on the 4th, the KOSPI recorded 3,242.98, down 0.14% (4.45 points) from the previous trading day. It fell to 3,218.67 at 10:35 AM but then rebounded slightly.

Institutions are selling intensively. On this day, institutions sold a total of 577.1 billion KRW. Individuals and foreigners bought 506 billion KRW and 24.9 billion KRW respectively. Foreigners showed selling in the morning but later turned to buying.

Sector indices are mixed. The telecommunications sector had the largest decline at 1.95%. This was followed by transportation and warehousing (-1.24%), textiles and apparel (-0.99%), services (-0.95%), and distribution (-0.76%). Meanwhile, machinery (2.09%), transportation equipment (1.80%), banking (0.93%), construction (0.85%), electricity and gas (0.65%), and pharmaceuticals (0.65%) sectors rose.

Many of the top 10 market capitalization stocks showed strength. Kia had the largest gain at 2.18%. This was followed by Hyundai Motor (1.68%), Samsung Biologics (1.46%), Samsung SDI (0.48%), and Celltrion (0.38%). Kakao (-1.58%), NAVER (-1.52%), LG Chem (-0.99%), and Samsung Electronics (-0.60%) declined. SK Hynix remained flat.

At the same time, the KOSDAQ recorded 989.83, down 0.04% (0.36 points) from the previous trading day. It fell to 983.02 at 10:40 AM but then reduced the decline.

Foreigners and institutions showed strong buying. Foreigners and institutions net sold 62.3 billion KRW and 62.1 billion KRW respectively. Individuals net bought 151.6 billion KRW.

KOSDAQ sector indices were also mixed. The entertainment and culture sector had the largest decline at 2.07%. This was followed by finance (-0.98%), semiconductors (-0.93%), broadcasting services (-0.77%), and other manufacturing (-0.62%). Computer services (1.95%), construction (1.04%), transportation equipment and parts (1.03%), publishing and media replication (0.67%), and general electric and electronics (0.63%) rose.

Many of the top 10 market capitalization stocks showed weakness. However, compared to the morning, many stocks turned to gains. Alteogen had the largest decline at 2.10%. This was followed by Seegene (-2.02%), SK Materials (-1.61%), CJ ENM (-1.60%), Pearl Abyss (-0.86%), and HLB (-0.15%). Celltrion Healthcare (1.96%), Kakao Games (1.27%), EcoPro BM (0.56%), and Celltrion Pharm (0.29%) rose.

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