Due to Institutional and Foreign Selling... KOSPI Shows Slight Decline

KOSDAQ Shows Decline of Around 1%

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI showed a slight decline as institutional and foreign investors continued to sell.

As of 1:53 PM on the 30th, the KOSPI stood at 3146.23, down 0.88% (27.84 points) from the previous trading day. It dropped to 3144.05 at 11:09 AM but fluctuated, rising to 3165.62 at 12:20 PM.

Institutional and foreign selling pressure was strong. Institutions and foreigners net sold 374 billion KRW and 155.7 billion KRW, respectively. Individuals net bought 556.1 billion KRW.

Most sectors declined. The construction sector had the largest drop at -3.18%, followed by steel and metals (-2.95%), medical precision (-2.51%), non-metallic minerals (-1.99%), and services (-1.72%). Securities (2.26%), banking (1.78%), transportation and warehousing (0.86%), finance (0.54%), and textiles and apparel (0.44%) rose.

Almost all of the top 10 market capitalization stocks fell. Kakao had the largest decline at -3.42%, followed by NAVER (-3.27%), POSCO (-2.82%), Hyundai Motor (-2.76%), Samsung SDI (-2.53%), LG Chem (-2.42%), SK Hynix (-2.31%), Celltrion (-0.74%), and Samsung Electronics (-0.12%). Samsung Biologics rose 1.38%.

At the same time, the KOSDAQ was down 1.44% (14.31 points) from the previous day, at 976.38. It rose to 995.74 at 9:29 AM but has been declining since.

Foreigners and institutions sold, leading to the index's decline. Foreigners and institutions net sold 99.1 billion KRW and 49.4 billion KRW, respectively. Individuals net bought 151.1 billion KRW.

Almost all sectors declined. Paper and wood had the largest drop at -3.21%, followed by computer services (-3.02%), digital content (-2.51%), publishing and media replication (-2.36%), and IT software and services (-2.03%). Broadcasting services (1.07%) and telecommunications broadcasting services (0.55%) rose.

Most of the top 10 market capitalization stocks fell. Alteogen had the largest decline at -3.14%, followed by Celltrion Pharm (-2.42%), Pearl Abyss (-1.41%), Kakao Games (-1.10%), SK Materials (-0.83%), EcoPro BM (-0.66%), Celltrion Healthcare (-0.62%), and HLB (-0.60%). CJ ENM (2.55%) and Studio Dragon (2.09%) rose.