KOSPI Weakens Intraday Amid Selling Pressure from Institutions and Foreigners

[Image source=Yonhap News]

The KOSPI index is showing weakness during the session, pressured by net selling from institutions and foreigners.

As of 10:06 a.m. on the 24th, the KOSPI index is trading at 2462.94, down 16.10 points (0.65%) from the previous day.

The index opened at 2476.22, down 2.39 points (0.1%) from the previous day, and the decline appears to be widening. The market seems to be taking a breather as investors realize profits from the New York stock market while closely watching ahead of major corporate earnings announcements. The recent weakness in the Chinese stock market is also believed to be having a negative impact.

By investor type, institutions and foreigners are net sellers of 120.5 billion KRW and 25.9 billion KRW respectively, while individuals are net buyers of 149.1 billion KRW. In the futures market, foreigners and individuals are net sellers of 293.2 billion KRW and 80.7 billion KRW respectively, while institutions are net buyers of 343.6 billion KRW.

Most sectors are in decline. The electrical and electronics sector is down 1.25%, transportation and warehousing -1.09%, paper and wood -1.02%, construction -1.07%, transportation equipment -1.02%, manufacturing -0.85%, and medical precision -0.80%. On the other hand, the insurance sector is up 0.56%, finance 0.36%, and chemicals 0.35%.

Most of the top market capitalization stocks are also weak. Samsung Electronics and SK Hynix are down 1.6% and 1.85% respectively, LG Energy Solution -0.13%, Hyundai Motor -0.87%, NAVER -0.46%, Kia -0.91%, and POSCO Holdings -0.99%. Meanwhile, Samsung Biologics is up 0.75%.

At the same time, the KOSDAQ index is also showing weakness. The KOSDAQ index is trading at 833.25, down 6.86 points (0.82%) from the previous day.

By investor type, institutions and foreigners are net sellers of 55.6 billion KRW and 126.8 billion KRW respectively, while individuals are net buyers of 189.2 billion KRW.

Most of the top market capitalization stocks are down. EcoPro BM and EcoPro are down 2.51% and 2.36% respectively, L&F -0.06%, HLB -4.31%, Celltrion Pharm -0.19%, HPSP -4.02%, Alteogen -1.84%, and Rino Industrial -3.48%.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1340.0 won, up 6.6 won from the previous day.

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