Mixed Trends on Last Trading Day... KOSPI Turns Down Amid Institutional Selling

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[Asia Economy Reporter Ji Yeon-jin] On the 30th, the domestic stock market showed mixed trends. The KOSPI index weakened as institutional investors sold heavily while individual investors continued buying, whereas the KOSDAQ index slightly expanded its gains.

As of 2:05 AM, the KOSPI index stood at 2,982.06, up 11.23 points (0.39%) from the previous day. Individuals net bought stocks worth 680.3 billion KRW, while institutions net sold about 524.1 billion KRW. Foreign investors net sold 166 billion KRW. Additionally, institutional program net selling reached 209.9 billion KRW.

SK Hynix (3.15%) showed strength amid expectations of a rebound in semiconductor prices following Samsung Electronics' announcement of production cuts at its Xi'an plant. Samsung Electronics (0.38%), which showed an early morning upward trend, was trading at 78,600 KRW.

Among other large-cap stocks, most showed declines except Samsung Biologics (1.46%). LG Chem fell 1.91%, while NAVER (-1.44%), Hyundai Motor (-1.18%), Samsung SDI (-1.06%), and KakaoBank (-1.17%) also showed weakness.

Lee Jae-man, a researcher at Hana Financial Investment, analyzed, "SK Hynix is showing strength due to the possibility of DRAM price increases following Samsung Electronics' Xi'an plant reduction yesterday, but other stocks are not experiencing significant volatility. Recently, overall trading volume and value have decreased, limiting price fluctuations."

The KOSDAQ index was trading at 1,033.86, up 5.81 points (0.57%) from the previous day. Individuals purchased stocks worth 238.6 billion KRW, while foreign and institutional investors recorded net sales of 166 billion KRW and 171.3 billion KRW, respectively.

EcoPro BM (1.10%) and L&F (0.54%) rebounded from morning declines, and Pearl Abyss (3.48%) and Kakao Games (1.56%) also showed strength. Conversely, Celltrion Healthcare (-1.23%), Wemade (-1.83%), Celltrion Pharm (-1.42%), and Seegene (-0.16%) were weak.

Lee Kyung-min, a researcher at Daishin Securities, stated, "The KOSPI, which has stock-specific issues, reached 3,005 points early in the session, but concerns over the holiday and institutional investors’ program selling and short selling after the ex-dividend date appear to have caused the early session decline."

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