KOSPI, Power of Retail Investors Endures Despite Negative Factors... Closes Flat

The KOSPI index, which started lower, ended the session flat thanks to buying pressure from individuals and foreigners.

On the 24th, the KOSPI index closed at 2567.45, down 0.1 points (0.0%) from the previous day. Trading volume was 1,056.21 million shares, and the trading value was recorded at 7.7881 trillion KRW.

[Image source=Yonhap News]

On this day, the KOSPI index opened weaker due to concerns over delays in the US debt ceiling negotiations and heightened geopolitical issues between Russia and Ukraine. The recent seven consecutive trading days of gains also seemed to stimulate profit-taking desires. However, during the session, buying from individuals and foreigners helped reduce the losses.

By investor type, institutions sold a net 185.5 billion KRW, while foreigners and individuals bought net 94.2 billion KRW and 132.6 billion KRW, respectively. Program trading saw a net sale of 1.2 billion KRW in arbitrage trading and a net purchase of 47.2 billion KRW in non-arbitrage trading.

Sector-wise, performance was mixed. Food and beverages rose 1.68%, construction 1.12%, securities 1.07%, insurance 1.07%, transportation equipment 0.53%, paper and wood 0.4%, and electrical and electronics 0.4% showed strength. Conversely, the service sector fell 2.01%, textiles and apparel -1.66%, medical precision -1.49%, steel and metals -0.8%, and transportation and warehousing -0.51% were weak.

Among the top market capitalization stocks, performance was also mixed. Samsung Electronics rose 0.15%, LG Energy Solution 1.92%, LG Chem 0.14%, Samsung SDI 0.56%, and Kia 0.45% showed gains. Meanwhile, SK Hynix declined 0.2%, and Samsung Biologics and Hyundai Motor remained flat.

The KOSDAQ index also reduced its losses and closed the session as strong buying from individuals poured in. On this day, the KOSDAQ index closed at 855.46, down 3.7 points (0.43%) from the previous day.

By investor type, institutions and foreigners sold net 74.2 billion KRW and 147.7 billion KRW, respectively, while individuals bought net 229.7 billion KRW.

Most of the top market capitalization stocks showed weakness. Ecopro fell 0.53%, Celltrion Healthcare -1.05%, L&F -0.95%, HLB -2.66%, JYP Ent. -1.90%, Celltrion Pharm -1.24%, and Kakao Games -1.39% were weak. In contrast, Ecopro BM rose 1.03%.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate closed at 1317.4 won, up 4.7 won from the previous day.

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