KOSDAQ Falls Below 800 Mark
[Asia Economy Reporter Minwoo Lee] The KOSPI opened slightly higher due to institutional buying. However, after briefly expanding its gains, it soon turned to a downward trend.
On the 26th, the KOSPI started at 2366.50, up 0.24% (5.69 points) from the previous day. It then reversed into a decline, recording 2360.29, down 0.02% from the previous day as of 9:38 AM.
By investor type, institutional buying was strong, purchasing 48.1 billion KRW. In contrast, foreigners and individuals were net sellers of 8.5 billion KRW and 32 billion KRW, respectively.
The market showed mixed performance across sectors. The retail sector posted the largest gain of 4.36%. This was followed by insurance (2.48%), precision medical instruments (1.56%), and pharmaceuticals (1.27%). Meanwhile, electricity and gas (-1.26%), transportation and warehousing (-1.16%), and securities (-1.04%) declined.
Among the top 10 companies by market capitalization, Celltrion showed the largest increase of 2.3%. This was followed by Samsung Biologics (1.8%), SK Hynix (0.7%), Hyundai Motor (0.3%), and Samsung Electronics (0.1%). On the other hand, LG Chem (-1.8%), Kakao (-1.6%), NAVER (-0.7%), LG Household & Health Care (-0.7%), and Samsung SDI (-0.3%) fell.
The KOSDAQ, which also started with a slight rise, reversed into a decline and fell below the 800 mark. It opened at 808.06, up 0.01% (0.08 points) from the previous day, but soon turned downward, dropping to 795.53 as of 9:34 AM.
Most sectors were in decline. The transportation sector had the largest drop of 1.96%, followed by other services (-1.86%), general electric and electronics (-1.85%), and paper and wood (-1.81%). Only the information devices and retail sectors rose by 0.80% and 0.51%, respectively.
Most of the top market cap stocks fell. Hugel had the largest decline of 4.7%, followed by Seegene (-4.1%), Genexine (-3.4%), CJ ENM (-2.7%), Alteogen (-2.7%), Kakao Games (-2.5%), HL Biotech (-1.3%), and Pearl Abyss (-0.5%). Only Celltrion Pharm (3.6%) and Celltrion Healthcare (2.0%) rose.
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