Foreigners and Institutions Net Sell, KOSPI Falls... Trading at 2740 Level

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices are both showing a downward trend.

At 11:04 a.m. on the 1st, the KOSPI stood at 2,741.40, down 0.59% (16.25 points) from the previous trading day. The KOSPI opened the day at 2,745.85, down 0.43% (11.80 points) from the previous day, and initially fell nearly 1% before narrowing its losses. In the market, individual investors alone purchased stocks worth 450.9 billion KRW, while foreigners and institutions sold stocks worth 55.4 billion KRW and 401.6 billion KRW, respectively.

By sector, textile and apparel (2.55%), food and beverages (0.88%), electricity and gas (0.74%), and chemicals (0.11%) showed gains. The strength in the textile and apparel sector was influenced by news that Kwanglim, an affiliate of Ssangbangwool, is attempting to acquire Ssangyong Motor. Currently, Ssangbangwool has hit the upper limit price (29.4%), and Vivian is up 17.7%.

All of the top market capitalization stocks are in the red. Samsung Electronics (-0.57%), LG Energy Solution (-1.01%), SK Hynix (-1.27%), NAVER (-1.03%), Samsung Biologics (-0.85%), Kakao (-0.94%), Samsung SDI (-0.34%), Hyundai Motor (-1.66%), and LG Chem (-1.32%) are trading at lower prices than the previous day.

At the same time, the index stood at 2,742.41, down 0.59% (15.24 points) from the previous trading day. The index opened at 940.49, down 0.43% (4.04 points) from the previous day, and the decline is widening. In the KOSDAQ market, foreigners and institutions sold stocks worth 52.1 billion KRW and 63.4 billion KRW, respectively. Individual investors alone purchased stocks worth 124.3 billion KRW.

In the KOSDAQ market, food and tobacco (3.04%), entertainment and culture (1.93%), and broadcasting services (0.6%) showed gains. Hyundai Feed surged 24%, which is estimated to be influenced by the merger with Duol Mulsan, traded on the over-the-counter K-OTC market, and the rising grain prices affecting investor sentiment.

Among the top market capitalization stocks, L&F (0.62%), Pearl Abyss (1.31%), and Cheonbo (0.12%) rose, while Celltrion Healthcare (-1.23%), EcoPro BM (-0.7%), Kakao Games (-0.77%), Celltrion Pharm (-1.12%), and Wemade (-2.9%) declined.

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