Individual Net Selling Pressure... KOSPI Closes at 3200 Level

[Asia Economy Reporter Minji Lee] The KOSPI, which showed mixed trends during the session due to individual selling pressure, closed slightly higher.

On the 6th, the KOSPI ended the day at 3203.33, up 0.05% (2.27 points) from the previous trading day. The index opened at 3196.30, down 0.15% (4.76 points) from the previous day, fluctuated between gains and losses throughout the session, and closed higher. Looking at investor trends, individuals sold stocks worth 97.1 billion KRW alone, while foreigners and institutions net bought stocks worth 64 billion KRW and 44.5 billion KRW, respectively.

By sector, the largest gains were seen in Chemicals (1.72%), Electric & Gas Utilities (1.54%), Paper & Wood (0.59%), Electrical & Electronics (0.43%), and Distribution (0.42%). Within the chemical sector, KCC (14.9%), Cosmo Chemical (5%), Hanwha Solutions (4.3%), Hanwha (3.2%), and Cosmo Advanced Materials (2.7%) showed upward trends.

Among the top market capitalization stocks, Samsung Electronics (1.04%), NAVER (0.22%), Samsung Biologics (0.32%), LG Chem (3.45%), Samsung SDI (0.92%), and Hyundai Motor (0.23%) rose, while SK Hynix (-1.40%) and Kakao (-0.64%) declined. In the market, recently listed KakaoBank and Krafton fell by 4% and 5%, respectively, which is analyzed to be due to increased pressure from the scheduled release of institutional lock-up shares.

At the same time, the KOSDAQ index closed at 1052.92, down 0.08% (0.89 points) from the previous day. The index opened at 1056.30, up 0.23% (2.45 points) from the previous day, but showed no clear direction and closed lower. In the market, foreigners and institutions sold stocks worth 120.7 billion KRW and 74.4 billion KRW, respectively, while individuals bought stocks worth 210.5 billion KRW alone.

By sector, the largest gains were seen in Telecommunication Equipment (3.34%), Paper & Wood (1.25%), Machinery & Equipment (1.02%), and Metals (0.70%). The telecommunication equipment sector rose on expectations of US infrastructure investment, with major stocks such as Seojin System (8.5%), KMW (7%), Ace Tech (5.7%), HFR (5.2%), and Oisolution (4.3%) increasing.

Among the top market capitalization stocks, Celltrion Healthcare (-1.35%), EcoPro BM (-1.08%), Celltrion Pharm (-1.53%), Kakao Games (-3.35%), Pearl Abyss (-2.94%), and L&F (-1.17%) continued to decline. HL Biopharma (0.93%) and SK Materials (1.08%) rose.

Seosangyoung, a researcher at Mirae Asset Securities, said, “The market showed mixed trends due to weak US employment data and the upcoming futures and options expiration this week, leading to a cautious stance. Institutions switched to net buying and lifted the index, but the amount was not large, causing the index to fluctuate within a narrow range.”