KOSPI Battles 2400 Level Amid Foreign and Institutional Selling... LG Energy Solution Drops 1.9% Following Lock-up Release

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The KOSPI is fluctuating around the 2400 level even in the afternoon of the 27th. Individual investors are showing a buying preference, preventing the index from falling, but foreigners and institutions are offloading shares.

As of 1:42 PM on the day, the KOSPI index was recorded at 2399.88, down 13.08 points (0.54%) from the previous trading day. The index initially turned upward in the morning session but widened its decline and has been battling around the 2400 level since about 10:34 AM. Individuals alone net bought approximately 300.3 billion KRW, preventing the index from falling, while foreigners and institutions sold about 178.9 billion KRW and 92.2 billion KRW worth of shares, respectively.

Among the top market capitalization stocks, most showed weakness. Samsung Biologics rose 1.33%, and Naver (NAVER) increased by 0.20%. On the other hand, Kia fell 3.03%, showing the largest decline. Samsung SDI (-2.13%), LG Energy Solution (-1.90%), which saw the release of lock-up shares accounting for 86% of the stocks listed that day, SK Hynix (-1.59%), Hyundai Motor (-1.28%), Kakao (-1.24%), LG Chem (-0.88%), and Samsung Electronics (-0.81%) followed in a downward trend.

By sector, pharmaceuticals (1.25%), telecommunications (0.50%), electric and gas utilities (0.48%), and paper and wood products (0.39%) rose. Meanwhile, medical precision (-1.36%), transportation equipment (-1.21%), electrical and electronics (-1.05%), textiles and apparel (-0.89%), and distribution (-0.87%) declined.

At the same time, the KOSDAQ index was recorded at 792.72, up 2.79 points (0.35%) from the previous session. Individuals and foreigners net bought approximately 20.7 billion KRW and 2.2 billion KRW, respectively. Institutions net sold about 21.0 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare and Celltrion Pharm recorded gains of 2.31% and 1.82%, respectively. Studio Dragon (0.66%) and HLB (0.25%) also rose. On the other hand, Pearl Abyss (-1.92%), Kakao Games (-1.69%), Cheonbo (-0.82%), EcoPro BM (-0.60%), Alteogen (-0.59%), and L&F (-0.57%) showed weakness.

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