KOSDAQ Turns Down Amid Foreign Selling Pressure... KOSPI Also Declines ↓
[Asia Economy Reporter Lee Jung-yoon] The KOSDAQ index turned downward on the afternoon of the 19th as foreign investors intensified their selling pressure.
As of 2:05 PM that day, the KOSDAQ index was recorded at 717.18, down 0.23 points (0.03%) from the previous trading day. The index started at 716.80, down 0.61 points (0.09%), then turned upward to reach 722.42. However, it reversed to a decline as foreign investors sold off shares. Individual and institutional investors net bought approximately 20.4 billion KRW and 32.3 billion KRW respectively, while foreign investors net sold about 47.7 billion KRW worth of shares.
Among the top market capitalization stocks, L&F (-3.57%), HLB (-1.54%), EcoPro BM (-0.89%), and EcoPro (-0.78%) declined in that order. On the other hand, Studio Dragon rose more than 3%, followed by Celltrion Pharm (2.87%), Pearl Abyss (2.51%), Kakao Games (1.02%), and Celltrion Healthcare (0.93%).
At the same time, the KOSPI index also showed weakness. It recorded 2346.67, down 13.35 points (0.57%) from the previous trading day. The KOSPI index rose to 2358.76 during the day, narrowing the decline, but then the drop widened again. Individual and institutional investors bought about 45.6 billion KRW and 29 billion KRW respectively, while foreign investors net sold approximately 82.9 billion KRW worth of shares.
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Among the top market capitalization stocks, Samsung SDI (-3.45%), Kia (-3.12%), Hyundai Motor (-2.77%), and LG Chem (-2.48%) declined in that order. Meanwhile, Naver (0.83%), SK Hynix (0.64%), and Celltrion (0.28%) rose.
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