KOSPI and KOSDAQ Both Fall... Multiple Stocks Hit Lower Limit

Published 14 Jun.2023 16:07(KST)

The KOSPI and KOSDAQ both closed lower.

On the 24th, the KOSPI index closed at 2619.08, down 18.87 points (0.72%) from the previous trading day. The index opened at 2640.81, up 2.86 points (0.11%) from the previous day. In the securities market, institutions sold a net 127.8 billion KRW. Individuals and foreigners were net buyers with 36.4 billion KRW and 114.3 billion KRW, respectively.

Among the top market cap stocks, LG Energy Solution and LG Chem each showed a decline of over 2%. Samsung Electronics, SK Hynix, and Naver also fell slightly. On the other hand, Hyundai Motor's stock price rose more than 1%, and Kia and POSCO Holdings also closed higher.

[Image source=Yonhap News]

The KOSDAQ index closed at 871.83, down 24.98 points (2.79%) from the previous session. The index opened at 899.35, up 2.54 points (0.28%) from the previous day. In the KOSDAQ market, foreigners and institutions were net sellers of 318.6 billion KRW and 228.9 billion KRW, respectively, while individuals were net buyers with 565.4 billion KRW.

Among the top market cap stocks, EcoPro BM and EcoPro each showed a decline of over 10%. L&F also dropped more than 9%. HLB and Kakao Games also closed lower. On the other hand, JYP Entertainment, Pearl Abyss, and Celltrion Pharm all rose.

In the Seoul foreign exchange market, the KRW-USD exchange rate closed at 1278.5 KRW, up 7.1 KRW from the previous trading day.

Meanwhile, five stocks?Banglim, Dongil Industry, Manho Steel, Daehan Textile, and Dongil Metal?attracted attention as they all hit the lower price limit around the same time.

The first to hit the lower price limit was Banglim. After opening up 0.41% that day, it steadily declined and hit the lower limit at 11:47 AM. Following that, Dongil Metal, Manho Steel, Dongil Industry, and Daehan Textile consecutively hit the lower price limit by 12:14 PM.