KOSPI Steady Amid Foreign and Institutional Selling, Individual Investors Net Buyers

Published 14 Jun.2023 09:47(KST)

CPI Slowdown Causes Pause Amid Profit-Taking Pressure

The KOSPI index showed a flat trend in early trading on the 14th despite net buying by individuals, due to selling pressure from foreigners and institutions. Although the US May Consumer Price Index (CPI) showed a slowdown, raising expectations for a pause in the base interest rate, the upward momentum was limited by profit-taking selling.

At 9:21 a.m. that day, the KOSPI stood at 2,638.49, up 0.54 points (0.02%) from the previous day. Individuals net bought 98.6 billion KRW, while foreigners and institutions net sold 3.8 billion KRW and 85.3 billion KRW, respectively.

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Among the top 10 KOSPI stocks by market capitalization, POSCO Holdings rose 4.75%, Kia 1.58%, Hyundai Motor 1.52%, and LG Energy Solution 0.99%. SK Hynix fell 0.75%, Samsung Electronics 0.56%, Samsung SDI 0.4%, Samsung Electronics Preferred 0.33%, and Samsung Biologics 0.25%.

Rising sectors included Steel & Metals (3.26%), Transportation Equipment (1.11%), Warehousing & Transportation (0.31%), KOSPI Small Caps (0.28%), and Chemicals (0.23%). Declining sectors were Medical Precision (-1.19%), Electric & Gas (-0.97%), Insurance (-0.69%), Construction (-0.66%), and Securities (-0.58%).

The KOSDAQ index rose 0.41 points (0.05%) to 897.22 compared to the previous day. Individuals net bought 121.4 billion KRW, while institutions and foreigners net sold 26.4 billion KRW and 90.2 billion KRW, respectively.

Among the top 10 KOSDAQ stocks by market capitalization, EcoPro rose 3.6%, JYP Ent. 3.3%, L&F 0.89%, EcoPro BM 0.71%, and HLB 0.29%. Kakao Games fell 1.13%, Celltrion Pharm 0.74%, Pearl Abyss 0.58%, and Celltrion Healthcare 0.43%.

Rising sectors included Finance (2.19%), Entertainment & Culture (1.67%), Other Manufacturing (1.52%), Metals (0.81%), and Computer Services (0.74%). Declining sectors were Non-metallic (-0.85%), Semiconductors (-0.70%), Pharmaceuticals (-0.61%), IT Hardware (-0.52%), and Construction (-0.46%).