KOSPI, Foreign and Institutional Investors Sell Together, Weakness Maintained Around 2990 Level

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] The KOSPI is maintaining a weak stance around the 2990 level amid simultaneous selling pressure from foreign and institutional investors. In particular, individual investors have turned to net buying in the KOSPI for the first time in 7 trading days, showing buying demand worth around 1.6 trillion won.

As of 2:28 PM on the 29th, the KOSPI was trading at 2,996.36, down 23.88 points (0.79%) from the previous day.

By investor type, the buying demand from individual investors, who had previously sold to avoid major shareholder capital gains tax, is clearly visible. On this day, individuals were net buyers of 1.6262 trillion won, returning to a buying trend after 7 trading days. The day before, individuals recorded net sales of 1.9975 trillion won, marking the largest daily net selling volume since records began.

On the other hand, foreigners were net sellers of 175.3 billion won. Institutions also sold stocks worth 1.4787 trillion won. In particular, program buying by financial investment firms was offset by selling due to the ex-dividend date, resulting in net sales of 1.2716 trillion won.

Among the top 10 stocks by market capitalization, Samsung Electronics fell 1.87%, dropping below the 80,000 won mark. SK Hynix (-0.39%), NAVER (-0.52%), and Samsung Biologics (-0.22%) also showed weakness. Conversely, Kakao and Samsung SDI rose 0.88% and 2.00%, respectively.

At the same time, the KOSDAQ was up 0.89 points (0.09%) from the previous trading day, standing at 1,028.33.

By investor type, individuals are net buyers of 1.0912 trillion won. Foreigners and institutions are net sellers of 485.3 billion won and 601.1 billion won, respectively.

Among the top 10 stocks by market capitalization, Celltrion Healthcare (-5.76%), EcoPro BM (-4.20%), Pearl Abyss (-3.14%), L&F (-1.11%), Kakao Games (-3.22%), and Wemade (-2.28%) showed weakness. Only HL Biotech rose alone by 6.74%.

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