Foreigners and Institutions Continue Net Selling... KOSPI Down 0.4% in Morning Session

Published 27 Oct.2021 10:37(KST)

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] As institutions and foreigners continue their net selling trend, both the KOSPI and KOSDAQ indices are showing a simultaneous decline.

At 10:28 AM on the 27th, the KOSPI stood at 3,035.96, down 0.43% (13.12 points) from the previous trading day. The index opened the day at 3,045.83, down 0.11% (3.25 points) from the previous day. According to the comprehensive investment trend, individuals alone bought stocks worth 322.7 billion KRW, while foreigners and institutions sold stocks worth 154.3 billion KRW and 174.4 billion KRW, respectively.

By sector, pharmaceuticals (0.95%), machinery (0.92%), transportation equipment (0.79%), banks (0.17%), and securities (0.07%) showed upward trends. Among machinery-related sectors, shipbuilding-related stocks such as STX Engine (17%), HSD Engine (9%), and STX Heavy Industries (9.1%) rose on the back of consecutive shipbuilding order news.

Among the top market capitalization stocks, Samsung Electronics traded down 1.27% at 70,200 KRW. SK Hynix (1.47%), NAVER (0.36%), Samsung Biologics (2.28%), Kakao (0.39%), Hyundai Motor (0.47%), and Kia (0.35%) continued their upward trends, while LG Chem (-0.84%) declined.

At the same time, the KOSDAQ index stood at 1,009.32, down 0.24% (2.44 points). The KOSDAQ opened at 1,012.91, up 0.11% (1.15 points) from the previous day. Investment trends show individuals bought stocks worth 153 billion KRW alone, while foreigners and institutions sold stocks worth 117.7 billion KRW and 26.2 billion KRW, respectively.

By sector, digital content (2.35%), IT software (1.22%), entertainment & culture (0.72%), and metals (0.30%) showed upward trends. In the market, game-related stocks rose, including Neowiz Holdings (7%), Wemade (8%), Devsisters (3.6%), Neowiz (3%), and Pearl Abyss (1.72%).

Among the top market capitalization stocks, Celltrion Healthcare (-0.56%), EcoPro BM (-0.80%), HLB (-3.87%), Celltrion Pharm (-1.44%), SK Materials (-0.86%), and CJ ENM (-4.34%) declined.

Han Ji-young, a researcher at Kiwoom Securities, said, “Currently, the market is forming a less sensitive atmosphere toward negative factors, but in the case of the U.S. stock market, the burden of consecutive record highs is accumulating again,” adding, “Since it is earnings season, differentiated market conditions among sectors and stocks due to changes in companies’ Q3 earnings and guidance are expected to continue for a considerable period.”