KOSPI Ends Lower Despite Individual Investors' Net Buying Over 1 Trillion Won... KOSDAQ Hits New April High

[Image source=Yonhap News]

[Asia Economy Reporter Park Ji-hwan] Despite individual investors' net buying of over 1 trillion KRW, the KOSPI closed lower due to selling pressure from foreigners and institutions. Meanwhile, the KOSDAQ closed at its highest level this year.

On the 1st, the KOSPI closed at 3,282.06, down 14.62 points (0.44%) from the previous trading day.

By investor type, foreigners and institutions showed strong selling. Foreigners and institutions net sold 410.1 billion KRW and 874.7 billion KRW respectively, pulling the index down. In contrast, individuals alone net bought 1.2675 trillion KRW, defending the index.

Among the top market capitalization stocks, performance was mixed. Samsung SDI (3.72%), Samsung Biologics (1.66%), and Hyundai Motor (1.04%) rose. On the other hand, Samsung Electronics (-0.74%), SK Hynix (-2.35%), Kakao (-1.84%), and NAVER (-1.08%) showed weakness.

Meanwhile, the KOSDAQ closed at its highest level this year. On the day, the KOSDAQ ended at 1,035.64, up 5.68 points (0.55%) from the previous trading day. This surpassed the yearly high of 1,031.88 recorded on April 20. This is the highest level in 20 years and 10 months since September 6, 2000, when it reached 1,074.10.

By investor type, foreigners and institutions net bought 5.4 billion KRW and 25 billion KRW respectively. Individuals net sold 14.2 billion KRW.

Among the top market capitalization stocks, most rose. Pearl Abyss rose 7.79% on expectations following the Chinese government's issuance of a foreign investment license (sales permit) for the mobile game ‘Black Desert Mobile’. Celltrion Healthcare (0.09%), Celltrion Pharm (3.50%), EcoPro BM (2.07%), CJ ENM (0.16%), and Seegene (3.39%) also rose. Meanwhile, Kakao Games (-0.52%), SK Materials (-2.50%), and HLB (-1.05%) declined.

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