On the 29th, the closing price of the KOSPI index was displayed on the electronic board in the dealing room of Hana Bank in Euljiro, Seoul. On that day, the KOSPI closed at 2,326.67, down 18.59 points (0.79%) from the previous day. Photo by Moon Honam munonam@
[Asia Economy Reporter Ji-hwan Park] On the 29th, the KOSPI closed lower due to simultaneous selling by foreigners and institutions. Meanwhile, the KOSDAQ successfully turned to an upward trend near the end of the trading session, rising to the 810 level.
According to the Korea Exchange on the day, the KOSPI closed at 2,326.67, down 0.79% from the previous trading day. The index started at 2,312.34, down 32.92 points (1.40%) from the previous close, and maintained a weak trend.
By market participants in the KOSPI market, individuals defended the index by net buying worth 980.3 billion KRW. In contrast, foreigners and institutions net sold 536.7 billion KRW and 476.3 billion KRW respectively, pulling the stock prices down.
Among the top 10 stocks by market capitalization, Samsung Biologics stood out with a rise of about 9%. LG Chem (1.40%), Celltrion (4.33%), and Samsung SDI (0.35%) also rose. On the other hand, Samsung Electronics (-1.53%) and SK Hynix (-1.45%) declined.
The KOSDAQ index rose 7.73% from the previous trading day to 813.93. The index opened at 791.02, down 15.18 points (1.88%) from the previous close, then reduced losses in the afternoon and successfully turned to an upward trend near the end of the session.
By market participants, individuals and institutions net bought 32.7 billion KRW and 71.2 billion KRW respectively, pushing the index above the 810 level. Meanwhile, foreigners net sold 81.7 billion KRW, preventing further price increases.
Among the top 10 stocks by market capitalization, most stocks rose. Except for Kakao Games (-0.11%) and CJ ENM (-0.22%), all stocks increased.
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