KOSPI Falls for Second Day, KOSDAQ Hits Yearly High... Only Individuals Net Buyers

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] While the KOSPI fell for the second consecutive day due to simultaneous selling by foreigners and institutions, the KOSDAQ set a new record high for the second day in a row.

According to the Korea Exchange on the 2nd, the KOSPI closed at 3,281.78, down 0.28 points (0.01%) from the previous day. On that day, the KOSPI opened higher at 3,282.81 compared to the previous day’s 3,282.06.

Foreigners and institutions sold 130.2 billion KRW and 228.2 billion KRW worth of stocks respectively, while individuals showed a net buying advantage of 357.2 billion KRW.

By industry, construction (2.69%), insurance (1.45%), and telecommunications (0.98%) rose. Textile and apparel (-1.41%), medical precision (-1.25%), and non-metallic minerals (-0.53%) declined.

Among the top market capitalization stocks, LG Chem (0.83%) and NAVER (0.36%) rose. On the other hand, LG Household & Health Care (-2.26%), SK Hynix (-1.61%), and Hyundai Motor (-1.03%) fell.

The KOSDAQ reached a new high thanks to solo buying by individuals. On that day, the KOSDAQ closed at 1,038.18, up 2.54 points (0.25%) from the previous day, marking the highest closing price of the year.

By supply and demand, individuals alone bought 175.4 billion KRW, leading the index rise. Meanwhile, foreigners and institutions sold 107 billion KRW and 52.4 billion KRW worth of stocks respectively.

By industry, digital content (5.50%), IT software & services (2.73%), and internet (2.12%) rose. Distribution (-0.69%), telecommunications services (-0.58%), and semiconductors (-0.55%) declined.

Among the top market capitalization stocks, Kakao Games (24.52%), Alteogen (4.56%), and Pearl Abyss (2.21%) rose. EcoPro BM (-2.03%), Seegene (-1.75%), and Studio Dragon (-1.04%) fell.

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