KOSPI, Slightly Lower Intraday Amid Institutional Selling Pressure

[Asia Economy Reporter Jang Hyowon] The KOSPI index is showing weakness during the session, pressured by institutional selling.

As of 9:59 a.m. on the 13th, the KOSPI index is trading at 2460.03, down 0.38% from the previous day.

By investor type, institutions are net sellers with 172.1 billion KRW, while foreigners and individuals are net buyers with 51.5 billion KRW and 134.4 billion KRW respectively. Program trading saw net selling of 29.7 billion KRW in arbitrage trading and 16.0 billion KRW in non-arbitrage trading.

On the 13th, the KOSPI index started lower than the previous trading day, and dealers at the Hana Bank dealing room in Jung-gu, Seoul, are moving busily. Photo by Dongju Yoon doso7@

On this day, the KOSPI index opened at 2461.96, down 7.77 points (0.31%) from last Friday. The profit-taking selling centered on tech stocks in last week’s New York stock market weighed on the domestic market.

Sector performance is mixed. Textiles and apparel fell 1.32%, services -1.22%, transportation and warehousing 1.0%, electrical and electronics -0.88%, pharmaceuticals -0.43%, and manufacturing -0.34% are weak. On the other hand, machinery is up 1.0%, non-metallic minerals 0.73%, telecommunications 0.58%, and medical precision 0.56% are on the rise.

Top market capitalization stocks are also mixed. Samsung Electronics is slightly up by 0.16%, LG Chem 0.15%, Kia 0.28%, and POSCO Holdings 0.33% are rising. Meanwhile, LG Energy Solution is down 2.03%, SK Hynix -2.99%, Samsung Biologics -0.25%, and Samsung SDI -1.5% are falling.

The KOSDAQ index started lower but turned higher. At the same time, the KOSDAQ index is trading at 773.15, up 0.08% from the previous day. The KOSDAQ index started near flat but reversed to an increase amid selling pressure from foreigners and individuals.

By investor type, institutions are net sellers with 5.4 billion KRW, while foreigners and individuals are net buyers with 14.3 billion KRW and 6.4 billion KRW respectively.

Among the top market capitalization stocks, the number one company EcoPro BM is leading the market with a 6.18% rise. Secondary battery-related companies such as L&F up 2.17% and EcoPro up 5.16% are showing strong gains together. SM, which is in a management rights dispute, is also strong at 2.27%, and Osstem Implant and JYP Entertainment are also on the rise.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1268.9 won, up 3.7 won from the previous day.

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