Individual and Institutional 'Fate' Leads to Slight KOSPI Decline in Afternoon... Wemaide Rises 24% on 'Investment Attraction'

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] On the afternoon of the 2nd, the KOSPI index is slightly declining.

As of 1:49 PM on the 2nd, the KOSPI index was recorded at 2,334.43, down 0.79 points (0.03%) from the previous trading day. The index started the day lower but turned upward, rising to 2,346.32 before fluctuating. Individual investors, who had been net buyers, turned to net selling worth approximately 46 billion KRW, and institutions also sold about 237.8 billion KRW. Foreign investors were the only net buyers, purchasing about 265.5 billion KRW.

Among the top market capitalization stocks, NAVER rose more than 2%, recording the largest gain. LG Energy Solution and SK Hynix also showed upward trends. On the other hand, Samsung SDI fell more than 5%, and LG Chem dropped over 4%.

By sector, machinery fell more than 3%, and non-metallic minerals (-2.41%) and electric gas (-1.65%) also declined. Service industry (1.88%), finance (0.75%), and steel & metals (0.71%) rose in that order.

At the same time, the KOSDAQ index was recorded at 695.92, down 4.13 points (0.59%) from the previous day. Individual investors are buying about 266.5 billion KRW to prevent the index from falling. Foreigners and institutions were net sellers of about 108.3 billion KRW and 160 billion KRW, respectively.

Among the top market capitalization stocks, Pearl Abyss rose more than 6%, and Celltrion Pharm and Celltrion Healthcare also rose by around 1%. Kakao Games also increased by 0.25%. WEMADE, which announced it had attracted an investment of 66 billion KRW (approximately 46 million USD) from Microsoft and others, rose 24.32%. On the other hand, L&F fell more than 6%, and EcoPro BM and EcoPro also dropped more than 5%.

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