KOSPI Fails to Hold 3000, KOSDAQ Maintains 1000

Foreigners and Institutions Both Buy in Two Markets

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[Asia Economy Reporter Minwoo Lee] The KOSPI, which started slightly higher, turned slightly lower and closed below 3000 again after just one day. Meanwhile, the KOSDAQ maintained a strong slightly higher trend, holding above the 1000 mark.

On the 27th, the KOSPI closed at 2999.55, down 0.43% (12.88 points) from the previous trading day. It opened slightly higher at 3013.94 but soon shifted to a slightly lower trend. Although it surpassed the 3000 mark on the closing basis for the first time in about a week on the 24th, it fell back below 3000 after just one day.

By investor type, foreign investors and institutions showed notable buying strength. They net purchased 43.4 billion KRW and 421.1 billion KRW worth of stocks, respectively. Individuals net sold 523.6 billion KRW.

Many sectors declined. The order was transportation and warehousing (-1.61%), banking (-1.38%), services (-0.85%), steel and metals (-0.67%), among others. Medical precision (1.61%), textiles and apparel (0.88%), and insurance (0.39%) rose.

Among the top 10 market capitalization stocks, most fell. SK Hynix had the largest drop at -1.56%. Following were KakaoBank (-1.50%), Kakao (-1.31%), Samsung SDI (-1.08%), Hyundai Motor (-0.93%), NAVER (-0.91%), Samsung Electronics (-0.37%), and Kia (-0.35%). Only LG Chem (0.97%) and Samsung Biologics (0.11%) rose slightly.

On the other hand, the KOSDAQ showed a steady performance. It closed at 1011.36, up 0.39% (3.94 points) from the previous trading day. After opening slightly higher at 1008.90, unlike the KOSPI, it slightly increased its gains.

Similar to the KOSPI market, foreign investors and institutions net purchased 53.0 billion KRW and 375.9 billion KRW worth of stocks, respectively. Individuals sold 415.6 billion KRW.

In the KOSDAQ market, more sectors rose. Retail (1.94%), medical and precision instruments (1.86%), pharmaceuticals (1.76%), and other manufacturing (1.62%) were among the sectors that rose more than 1.5%. Publishing and media duplication (-2.69%), entertainment and culture (-2.02%), and transportation (-1.44%) declined.

Among the top 10 market capitalization stocks, Celltrion Pharm (5.14%), Celltrion Healthcare (4.16%), Pearl Abyss (3.64%), and Kakao Games (1.65%) rose. HL Biopharma (-2.24%), L&F (-1.85%), Wemade (-1.38%), EcoPro BM (-1.00%), Chunbo (-0.66%), and Seegene (-0.65%) fell.

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