KOSPI Weakens on Institutional and Foreign Selling... KOSDAQ Rises on EcoPro Stock Increase

The KOSPI index continues to show weakness during the session, pressured by selling from institutions and foreigners. Meanwhile, the KOSDAQ index reversed to an upward trend, supported by the strength of EcoPro group stocks.

[Image source=Yonhap News]

As of 10:41 a.m. on the 28th, the KOSPI index is trading at 2,596.34, down 6.97 points (0.27%) from the previous day.

By investor type, institutions and foreigners are net sellers with 194.2 billion KRW and 134.8 billion KRW respectively, while individuals are net buyers with 327.7 billion KRW. In the futures market, institutions and individuals are net buyers with 195.2 billion KRW and 133.4 billion KRW respectively, whereas foreigners are net sellers with 338.6 billion KRW.

On this day, the KOSPI index started lower, burdened by profit-taking selling triggered by concerns over the hawkish stance of the Bank of Japan (BOJ) in the New York stock market. Although the decline has narrowed since then, selling pressure from institutions and foreigners continues.

By sector, the paper and wood sector rose 3.68%, transportation equipment 1.68%, distribution 1.56%, machinery 1.55%, steel and metals 1.27%, construction 0.91%, transportation and warehousing 0.87%, non-metallic minerals 0.81%, and textiles and apparel 0.16% showing strength. Conversely, food and beverages fell 1.07%, and chemicals declined 0.9%, among others.

Among the top market capitalization stocks, performances are mixed. Samsung Electronics, which announced preliminary Q2 earnings, is down 1.67%, Samsung Biologics -0.63%, LG Chem -1.82%, and NAVER -0.71% are weak. On the other hand, LG Energy Solution is up 1.11%, SK Hynix 0.4%, POSCO Holdings 1.52%, and Samsung SDI 0.3% are showing strength.

At the same time, the KOSDAQ index is showing strength. The KOSDAQ index is trading at 900.53, up 16.74 points (1.89%) from the previous day. By investor type, institutions are net sellers with 21.7 billion KRW, while foreigners and individuals are net buyers with 17.7 billion KRW and 2.1 billion KRW respectively.

The KOSDAQ index, which started lower earlier in the day, reversed to an upward trend supported by the strength of EcoPro group stocks.

Among the top market capitalization stocks, EcoPro BM is up 6.64%, EcoPro 5.58%, L&F 0.42%, and POSCO DX 4.22%, with most secondary battery-related stocks showing gains. Conversely, Celltrion Healthcare is down 0.94%, JYP Ent. -0.3%, HLB -2.78%, and Celltrion Pharm -0.11% are weak.

Meanwhile, at the same time in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1,282.0 won, up 4.3 won from the previous day.

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