KOSPI Weakens Intraday Amid Net Selling by Foreigners and Institutions

by Jang Hyowon

Published 05 Nov.2024 10:20(KST)

[Image source=Yonhap News]

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

As of 10:11 AM on the 5th, the KOSPI index is trading at 2,572.66, down 0.63% from the previous day.

By investor type, institutions and foreigners are net sellers of 239.3 billion KRW and 229.8 billion KRW respectively, while individuals are net buyers of 456.3 billion KRW. Program trading shows net selling of 74.8 billion KRW in arbitrage trading and 228.4 billion KRW in non-arbitrage trading.

More sectors are declining than rising. The transportation and warehousing sector fell 1.19%, insurance -1.2%, electrical and electronics -1.14%, pharmaceuticals -1.06%, transportation equipment -1.07%, telecommunications -0.98%, manufacturing -0.91%, machinery -0.69%, food and beverages -0.49%, electricity and gas -0.47%, finance -0.3%, services -0.21%, and textiles and apparel -0.11%. On the other hand, steel and metals rose 1.46%, construction 0.78%, distribution 0.29%, medical precision 0.18%, and paper and wood 0.17%, showing slight gains.

Among the top market capitalization stocks, more are declining. Samsung Electronics is down 1.87%, LG Energy Solution -1.41%, Samsung Biologics -0.79%, Hyundai Motor -1.85%, Celltrion -1.97%, Kia -1.03%, POSCO Holdings -2.32%, and LG Chem -0.31%. Meanwhile, SK Hynix is up 1.39%, KB Financial 0.66%, and Korea Zinc 7.74%.

At the same time, the KOSDAQ index is also showing slight weakness. The KOSDAQ index is trading at 752.23, down 0.25% from the previous day. By investor type, institutions and foreigners are net sellers of 3.4 billion KRW and 90.2 billion KRW respectively, while individuals are net buyers of 96.5 billion KRW.

Top market capitalization stocks show mixed movements. Alteogen is down 1.54%, EcoPro BM -1.87%, EcoPro -0.7%, HLB -2.09%, Ligand Chem Bio -1.31%, Enchem -2.94%, Hugel -0.87%, Celltrion Pharm -1.1%, and Silicon투 -0.62%. On the other hand, Samchundang Pharm is up 0.27%, Classys 0.8%, HPSP 2.7%, Rino Industry 0.22%, and Pearl Abyss 3.05%.