KOSPI Closes at 2561.24 Amid Selling by Individuals and Institutions

Samsung Electronics Closes Down 2.35%

Samsung Electronics announced that its provisional consolidated operating profit for last year was 6.54 trillion KRW, and sales amounted to 258.16 trillion KRW. Operating profit decreased by 84.92% and sales decreased by 4.91% compared to the same period last year. The photo shows Samsung Electronics Seocho Building in Seocho-gu, Seoul, on the 9th. Photo by Jinhyung Kang aymsdream@

On the 9th, the KOSPI closed lower due to selling pressure from individuals and institutions. Samsung Electronics, which announced its preliminary earnings on the day, fell more than 2%. This was due to last year's operating profit of 6.54 trillion won, the lowest level in 15 years.

The KOSPI closed at 2,561.24, down 0.26% (6.58 points) from the previous day. The KOSPI started the day at 2,598.31, up 1.19% (30.49 points), but lost momentum and turned to a downward trend.

Individuals and institutions sold a net 8.1 billion won and 69.6 billion won respectively, pulling the index down. Foreigners alone bought a net 71.3 billion won. In the futures market, individuals and institutions bought 149.8 billion won and 240.1 billion won respectively. Foreigners alone sold 388.7 billion won.

Among the top market capitalization stocks, Samsung Electronics, ranked first, had the largest decline. Although Samsung Electronics showed an upward trend during the day, selling pressure emerged after the announcement of the fourth quarter preliminary earnings, closing at 74,700 won, down 2.35% from the previous day. Samsung Electronics reported that its operating profit for the fourth quarter of last year was 2.8 trillion won, down 35.03% from the same period last year. The preliminary estimate showed that last year's operating profit was 6.54 trillion won, down 84.92% from the previous year.

This is the first time in 15 years since the global financial crisis in 2008 (631.9 billion won) that Samsung Electronics' annual operating profit fell below 10 trillion won. This is interpreted as a shift to a downward trend due to weakened investor sentiment. On the other hand, SK Hynix closed up 1.03% at 137,400 won. Hyundai Motor and POSCO Holdings also fell by 0.05% and 1.92%, respectively.

The KOSDAQ closed at 884.64, up 0.60% (5.30 points) from the previous day. The KOSDAQ started at 886.10, up 0.77% (6.76 points) from the previous day, and showed a steady trend. Foreigners and institutions bought a net 125.5 billion won and 120.3 billion won respectively, lifting the index. Individuals alone sold a net 194.8 billion won.

Among the top 10 market capitalization stocks, the trend was mixed. Alteogen (+6.53%) had the highest increase rate. HLB (+1.88%), L&F (+0.25%), and HPSP (+0.24%) also rose. On the other hand, Ecopro BM (-3.65%) had the largest decline.

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