KOSPI and KOSDAQ Narrow Declines... Individuals 'Buy' vs Institutions and Foreigners 'Sell'

[Image source=Yonhap News]

[Asia Economy Reporter Myunghwan Lee] The KOSPI and KOSDAQ indices, which had fallen nearly 1% in the morning, are narrowing their losses somewhat in the afternoon of the 24th. While individual investors are gradually increasing their buying, institutions and foreigners continue to sell.

As of 1:50 PM, the KOSPI stands at 2722.44, down 12.61 points (0.46%) from the previous trading day. The KOSPI opened at 2716.25, down 18.80 points (0.69%), and dropped to the low 2700s during the morning session but has been recovering in the afternoon. By investor type, individuals are net buyers with purchases worth 647.5 billion KRW, while foreigners and institutions are net sellers with sales of 437.4 billion KRW and 220.3 billion KRW, respectively.

Most of the top 10 market capitalization stocks are declining. SK Hynix is trading down 2.83% at 120,000 KRW, and Kakao is down 2.82% at 103,500 KRW. Others falling include ▲Samsung Electronics (-0.85%) ▲Naver (-2.32%) ▲Samsung Biologics (-1.56%) ▲Samsung Electronics Preferred (-0.94%) ▲Hyundai Motor (-0.57%). On the other hand, LG Chem is trading up 3.94% at 528,000 KRW. LG Energy Solution (0.25%) and Samsung SDI (1.35%) are also rising.

By sector, textiles and apparel (1.56%) and food and beverages (1.52%) are rising, while banks (-1.61%), services (-1.48%), and steel and metals (-1.17%) are declining.

Han Ji-young, a researcher at Kiwoom Securities, said, "Profit-taking is expected mainly in growth stocks such as secondary batteries and some cyclical sectors like steel, which surged together on the 23rd. Energy sectors such as refining are expected to show positive trends due to the sharp rise in oil prices."

At the same time, the KOSDAQ is at 926.25, down 4.32 points (0.46%) from the previous trading day. The KOSDAQ opened at 926.29, down 4.28 points (0.46%), fell to 920, and has been showing a mild recovery trend in the afternoon. By investor type, individuals are net buyers with purchases worth 243.7 billion KRW, while foreigners and institutions are net sellers with sales of 134 billion KRW and 85.7 billion KRW, respectively.

Among the top 10 market capitalization stocks on the KOSDAQ, eight are declining. Kakao Games is down sharply by 7.70% at 74,300 KRW. EcoPro BM (-2.86%), HLB (-2.51%), and Pearl Abyss (-2.42%) are also falling. Meanwhile, Wemade is trading up 1.94% at 105,300 KRW.

By sector, construction (2.71%) and food and tobacco (1.86%) are strong. Computer services (-1.79%) and digital content (-1.68%) are declining.

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