KOSPI Weakens Intraday Amid Strong Foreign Net Selling

by Jang Hyowon

Published 20 Jun.2023 10:46(KST)

The KOSPI index is showing weakness during the session, pressured by heavy selling from foreign investors.

As of 10:38 AM on the 20th, the KOSPI index is trading at 2604.39, down 5.11 points (0.20%) from the previous day.

[Image source=Yonhap News]

By investor type, institutions and foreigners are net sellers of 39.3 billion KRW and 223.8 billion KRW respectively, while individuals are net buyers of 259.1 billion KRW. In the futures market, institutions and foreigners are net buyers of 37.2 billion KRW and 332.2 billion KRW respectively, whereas individuals are net sellers of 41.2 billion KRW.

Sector performance is mixed. The transportation and warehousing sector is up 1.38%, medical precision 0.62%, textiles and apparel 0.41%, telecommunications 0.4%, transportation equipment 0.24%, machinery 0.2%, and services 0.12% are showing strength. Conversely, insurance is down 1.21%, construction -0.81%, steel and metals -0.75%, and electrical and electronics -0.4% are weak.

Most of the top market capitalization stocks are trading lower. Samsung Electronics is slightly down by 0.14%, LG Energy Solution is down 0.53%. Samsung Biologics -0.52%, LG Chem -0.53%, Samsung SDI -2.24%, Hyundai Motor -0.85%, and POSCO Holdings -1.02% are also weak. On the other hand, SK Hynix rose 0.35% and NAVER showed a 0.25% gain.

At the same time, the KOSDAQ index is trading at 887.32, down 1.33 points (0.15%) from the previous day. Institutions and foreigners are net sellers of 19.7 billion KRW and 31.9 billion KRW respectively, while individuals are net buyers of 67.4 billion KRW.

Top market cap stocks on KOSDAQ show mixed movements. EcoPro BM is slightly down by 0.19%, while Celltrion Healthcare -0.99%, L&F -0.78%, JYP Ent. -0.07%, HLB -0.91%, and Celltrion Pharm -1.23% are weak. Conversely, EcoPro is up 1.42%, Pearl Abyss 2.92%, Kakao Games 0.54%, and Osstem Implant 0.11% are showing strength.