KOSPI Around 2950 Slightly Lower... Individuals 'Buy', Foreigners and Institutions 'Sell'

The KOSDAQ, which started on an upward trend, also shows slight weakness

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI, which turned downward during the session, is showing a slight decline around the 2950 level. While individual investors are aiming for bargain buying, foreigners and institutions showed selling pressure.

As of 1:55 PM on the 8th, the KOSPI recorded 2952.51, down 0.23% (6.95 points) from the previous day. It started the day with gains but turned downward during the session, showing a slight decline.

Selling pressure from foreigners and institutions continued the slight decline. Foreigners and institutions net sold 103.9 billion KRW and 384.6 billion KRW respectively. Individuals net bought 467.5 billion KRW.

Most sectors declined. The transportation sector had the largest drop at 3.67%. This was followed by transportation and warehousing (-3.22%), non-metallic minerals (-2.93%), telecommunications (-2.85%), and finance (-1.43%). On the other hand, textiles and apparel (2.68%), transportation equipment (1.52%), pharmaceuticals (1.04%), chemicals (0.82%), and steel and metals (0.67%) rose.

Many of the top 10 market capitalization stocks showed strength. LG Chem’s increase was the largest at 3.93%. This was followed by Celltrion (3.52%), Samsung SDI (2.85%), Kia (2.51%), Hyundai Motor (1.74%), Samsung Biologics (1.10%), and Samsung Electronics (0.14%). SK Hynix (-1.99%), Kakao (-1.26%), and NAVER (-0.76%) declined.

At the same time, the KOSDAQ recorded 951.01, down 0.25% (2.42 points) from the previous day. It also started with gains but turned downward during the session. It even dropped to 949.74 at 10:37 AM.

The KOSDAQ also saw relatively strong selling pressure from foreigners and institutions. Foreigners and institutions net sold 240.9 billion KRW and 104.7 billion KRW respectively. Individuals net bought 358.2 billion KRW.

Sector indices were mixed. The transportation sector had the largest decline at 2.23%. This was followed by digital content (-1.40%), pharmaceuticals (-1.27%), textiles and apparel (-1.14%), and semiconductors (-1.14%). Conversely, paper and wood (4.30%), information devices (2.40%), transportation equipment and parts (2.11%), publishing and media reproduction (2.06%), and general electrical and electronics (1.28%) rose.

Many of the top 10 market capitalization stocks showed strength. L&F’s increase was the largest at 6.30%. This was followed by EcoPro BM (3.23%), HL Biopharma (2.38%), Celltrion Healthcare (1.38%), Celltrion Pharm (1.31%), and CJ ENM (0.88%). Kakao Games (-2.53%), Pearl Abyss (-2.09%), Wemade (-2.02%), and SK Materials (-1.24%) declined.

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