KOSPI, Intraday Gains Narrowed Due to Institutional and Foreign Selling

by Jang Hyowon

Published 19 Jul.2023 10:13(KST)

The KOSPI index is narrowing its losses as institutional and foreign investors pour out sell orders during the session.

As of 10:03 a.m. on the 19th, the KOSPI index is trading at 2611.59, up 0.15% from the previous day.

[Image source=Yonhap News]

By investor type, institutions and foreigners are net sellers of 90.7 billion KRW and 48.4 billion KRW respectively, while individuals are net buyers of 143.9 billion KRW. In the futures market, institutions and foreigners are net sellers of 71.5 billion KRW and 73.5 billion KRW respectively, with individuals net buying 134.2 billion KRW. In program trading, there is a net sale of 7.9 billion KRW in arbitrage trading and 58.8 billion KRW in non-arbitrage trading.

By sector, more sectors are rising. Transportation equipment is up 1.22%, steel and metals 1.12%, machinery 0.68%, transportation and warehousing 0.57%, construction 0.43%, pharmaceuticals 0.42%, electrical and electronics 0.37%, manufacturing 0.39%, and insurance 0.32%. On the other hand, textiles and apparel are down 4.7%, medical precision -1.95%, and food and beverages -0.93%.

Among the top market capitalization stocks, more are showing strength. Samsung Electronics is up 0.28%, LG Energy Solution 1.82%, Samsung Biologics 0.68%, LG Chem 0.15%, Hyundai Motor 0.25%, POSCO Holdings 2.66%, POSCO Future M 0.55%, and Kia 0.23%. Meanwhile, SK Hynix remains flat, and Samsung SDI is down 0.57%.

The KOSDAQ index, which started the day higher, has slipped to near flat during the session. At the same time, the KOSDAQ index is trading at 914.34, up 0.2 points (0.02%) from the previous day. By investor type, institutions and foreigners are net sellers of 6.7 billion KRW and 166.8 billion KRW respectively, while individuals are net buyers of 200.1 billion KRW.

Among the top market capitalization stocks, EcoPro BM continues its strong performance with a 5.98% gain, leading the overall index higher. L&F is up 0.63%, and JYP Ent. is up 0.56%. Conversely, EcoPro, which has become a dominant stock, is down 2.33%, Celltrion Healthcare -0.62%, POSCO DX -2.96%, HLB -1.8%, and Pearl Abyss -1.9% are all weak.