Foreigners and Institutions Sell Together... KOSPI Mixed in Early Trading
As foreigners and institutions show net selling pressure in the early session, the KOSPI is wavering, fluctuating between gains and losses.
At 9:15 a.m. on the 10th, the KOSPI stood at 2,531.08, up 0.17% (4.37 points) from the previous trading day. The KOSPI opened at 2,528.08, up 0.05% (1.37 points) from the previous day, and has been showing mixed trends, fluctuating between rises and falls. In the market, foreigners and institutions sold stocks worth 40 billion KRW and 1 billion KRW respectively, while individuals alone bought stocks worth 42 billion KRW.
Looking at the top market capitalization stocks, Samsung Electronics traded at 69,200 KRW, down 1% from the previous day. LG Energy Solution (-1.07%), Samsung Biologics (-0.42%), Samsung SDI (-1%), LG Chem (-1.83%), Hyundai Motor (-0.49%), and Kia (-0.23%) also showed declines. POSCO Holdings (1.13%) and NAVER (0.15%) showed upward trends.
At the same time, the KOSDAQ index stood at 863.98, down 0.38% (3.29 points) from the previous trading day. The KOSDAQ index opened at 868.00, up 0.08% (0.73 points) from the previous day, but the net selling pressure from foreigners and institutions has widened the decline. Foreigners and institutions sold stocks worth 96.9 billion KRW and 29.6 billion KRW respectively.
Among the top market capitalization stocks, EcoPro BM (0.89%), EcoPro (2.04%), JYP Ent. (0.54%), Pearl Abyss (0.6%), and POSCO DX (0.94%) rose, while Celltrion Healthcare (-0.49%), L&F (-1.05%), HLB (-1.79%), and Celltrion Pharm (-0.29%) declined.
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Kim Seok-hwan, a researcher at Mirae Asset Securities, explained, “Amid negative credit issues related to Saemaeul Geumgo and GS Construction re-construction, attention should be paid to the announcement of China’s inflation index during the session.”
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