Yang Market's Final Decline... KOSPI Closes at 3009

KOSDAQ Once Fell Below 1000

[Asia Economy Reporter Minwoo Lee] The KOSPI and KOSDAQ, which had been trading sideways during the session, fell slightly toward the end of the trading day.

On the 28th, the KOSPI closed at 3009.55, down 0.53% (15.94 points) from the previous day. After opening slightly lower at 3023.17, it fluctuated around the 3030 level without significant changes, but began to decline after 2 p.m., with the closing price marking the day's lowest point.

By investor type, foreigners and institutions sold net amounts of 249 billion KRW and 113 billion KRW respectively. Individuals were net buyers with 339.2 billion KRW.

Almost all sectors declined. The largest drops were seen in insurance (-3.49%), steel & metals (-2.61%), machinery (-2.59%), and services (-2.05%). Banks (2.74%), electrical & electronics (1.21%), and medical precision (0.58%) sectors rose.

Among the top 10 market capitalization stocks, SK Hynix posted the largest gain of 4.93%. It was followed by KakaoBank (4.19%), LG Chem (3.03%), Kia (1.18%), and Samsung Electronics (0.86%). Kakao (-2.33%), Hyundai Motor (-1.64%), Samsung Biologics (-1.34%), Samsung SDI (-0.53%), and NAVER (-0.36%) declined.

The KOSDAQ showed a similar trend. It closed at 1000.13, down 0.87% (8.82 points) from the previous day. After opening at 1008.93, just 0.02 points lower than the previous day, it fluctuated around the 1010 level but began to fall after 1 p.m. Around 3:10 p.m., it dropped to 999.59, falling below 1000.

Like the KOSPI market, foreigners and institutions were net sellers of 67.3 billion KRW and 37.8 billion KRW respectively. Individuals purchased 138.7 billion KRW.

Most sectors closed lower. The digital content sector had the largest decline at -4.54%, followed by paper & wood (-3.15%), IT software & services (-3.07%), entertainment & culture (-2.96%), broadcasting services (-2.33%), and telecommunications & broadcasting services (-1.95%). Semiconductors (2.74%), non-metallic minerals (1.31%), and IT hardware (1.21%) rose.

All of the top 10 market capitalization stocks declined. Pearl Abyss had the largest drop at -8.54%, followed by Wemade (-5.10%), EcoPro BM (-2.42%), SK Materials (-1.99%), L&F (-1.93%), CJ ENM (-1.89%), Kakao Games (-1.75%), HLB (-1.50%), and Celltrion Healthcare (-1.36%).