KOSPI Falls to 2550 Level... Strong Selling Pressure from Institutions

The KOSPI index closed lower, pressured by heavy selling from institutional investors.

On the 29th, the KOSPI ended the day at 2550.02, down 14.17 points (0.55%) from the previous trading day. Trading volume was 591.98 million shares, and the trading value was tentatively estimated at 8.6549 trillion won.

[Image source=Yonhap News]

Looking at the investment participants, institutions sold stocks worth 180.4 billion won in the securities market, pulling the index down. Individuals and foreigners bought stocks worth 129.3 billion won and 30.8 billion won, respectively. In program trading, there was a net sale of 51.1 billion won in arbitrage trading and a net purchase of 64.7 billion won.

Among the top 10 stocks by market capitalization, SK Hynix (1.66%), Samsung SDI (1.22%), Samsung Biologics (0.81%), and LG Energy Solution (0.55%) saw their stock prices rise. On the other hand, NAVER (-0.76%), Hyundai Motor (-0.73%), POSCO Holdings (-0.51%), Kia (-0.46%), Samsung Electronics (-0.41%), and LG Chem (-0.30%) declined.

On the same day, the KOSDAQ also closed at 861.79, down 5.18 points (0.60%) from the previous trading day.

By investor type, individuals and foreigners in the KOSDAQ market were net buyers of 57.4 billion won and 13.1 billion won, respectively. Foreigners and institutions were net sellers of 50.4 billion won each.

Among the top 10 stocks by market capitalization, except for EcoPro (2.00%), JYP Ent. (1.88%), and Celltrion Healthcare (0.77%), most stock prices fell. Pearl Abyss (-2.40%), Kakao Games (-1.61%), EcoPro BM (-0.82%), HLB (-0.79%), Celltrion Pharm (-0.65%), and L&F (-0.42%) saw their stock prices decline. Ostem Implant's stock price remained unchanged from the previous day.

On the same day, in the Seoul foreign exchange market, the won/dollar exchange rate closed at 1317.7 won, up 10.40 won.

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