Foreigners and Institutions Buying, Individuals Selling... KOSPI at 3018 Point

KOSDAQ Turns Downward Again

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] While foreigners and institutions are buying, individuals are selling off, resulting in a smaller increase in the KOSPI. The KOSDAQ also turned downward again.

As of 1:50 PM on the 13th, the KOSPI recorded 3018.70, up 0.28% (8.47 points) from the previous day. It rose to 3043.83 at 10:22 AM but has since stalled.

The buying momentum from foreigners and institutions is relatively strong. Foreigners and institutions net bought 102.2 billion KRW and 485.6 billion KRW, respectively. Individuals net sold 592.3 billion KRW.

Most sectors rose. The medical precision sector had the largest increase at 2.44%. This was followed by transportation equipment (1.45%), food and beverage (1.33%), transportation and warehousing (1.18%), and steel and metals (1.05%). On the downside were services (-0.83%), electric and gas utilities (-0.79%), textiles and apparel (-0.71%), pharmaceuticals (-0.63%), and distribution (-0.34%).

The top 10 market capitalization stocks showed mixed results. Hyundai Motor had the largest gain at 2.17%, followed by SK Hynix (2.07%), Kia (1.99%), KakaoBank (0.99%), and Samsung Electronics (0.26%). Samsung Biologics (-1.44%), Kakao (-0.82%), NAVER (-0.76%), and LG Chem (-0.54%) declined. Samsung SDI remained unchanged.

At the same time, the KOSDAQ recorded 1011.09, down 0.05% (0.48 points) from the previous day. The KOSDAQ started the day higher but turned downward after 9:09 AM, showing volatility.

The selling pressure from foreigners and institutions led to the index decline. Foreigners and institutions net sold 73.1 billion KRW and 61.4 billion KRW, respectively. Individuals net bought 160.9 billion KRW.

Sector indices were mixed. Digital content fell the most at 2.48%, followed by paper and wood (-1.43%), other services (-1.13%), IT software & services (-1.08%), and chemicals (-0.98%). On the upside were internet (3.39%), telecommunications services (2.89%), transportation (1.43%), machinery and equipment (1.14%), and information devices (0.91%).

Many of the top 10 market cap stocks showed weakness. Wemade fell the most at 6.90%, followed by HLB (-2.87%), EcoPro BM (-0.85%), L&F (-0.34%), and Kakao Games (-0.11%). Seegene (10.08%) and Pearl Abyss (0.56%) rose. Celltrion Healthcare, Celltrion Pharm, and SK Materials remained flat.

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