On the 30th, KOSPI closed at 2,977.65, down 15.64 points (0.52%) from the previous trading day. Dealers are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@
[Asia Economy Reporter Ji Yeon-jin] On the last trading day of the year, the 30th, the domestic stock market closed mixed. The KOSPI index was pulled down as institutions poured out sell orders, but individuals reduced the decline by net buying nearly 1 trillion won.
On this day, the KOSPI index closed at 2,977.65, down 16.64 points (0.52%) from the previous day. Institutions net sold about 749.7 billion won, and foreigners sold 228.2 billion won worth. On the other hand, individuals net bought 952.9 billion won, preventing further decline.
SK Hynix rose 3.15% as expectations of semiconductor price increases were reflected due to Samsung Electronics' production cut at the Xi'an plant, and Samsung Biologics also rose 1.35%. Samsung Electronics fluctuated during the session and closed flat.
Other large-cap stocks all fell. LG Chem dropped 1.91%, NAVER (-1.31%), Hyundai Motor (-1.81%), Kia (-1.56%), and KakaoBank (-1.0%) also recorded weakness.
Lee Jae-man, a researcher at Hana Financial Investment, analyzed, "SK Hynix showed strength due to the possibility of DRAM price increases following Samsung Electronics' production cut at the Xi'an plant yesterday, but other stocks did not show significant volatility. Recently, overall trading volume and trading value have decreased, so the upward and downward volatility is not large."
The KOSDAQ index rose 5.93 points (0.58%) to 1,033.98 compared to the previous day. Individuals net bought 222.2 billion won, while foreigners and institutions net sold 26.9 billion won and 189.3 billion won, respectively.
Pearl Abyss closed up 2.29%, and Kakao Games also recorded a 1.56% rise. HL Biopharma (0.72%), Cheonbo (1.16%), and Alteogen (0.26%) also closed higher.
However, Celltrion Healthcare fell 1.35%, Wemade 1.39%, and Celltrion Pharm also dropped 1.82%.
Park Su-jin, a researcher at Mirae Asset Securities, analyzed, "The reduction in year-end trading volume and the continued selling pressure from foreigners and institutions for two consecutive trading days after the dividend record date limited the index's rise." Lee Kyung-min, a researcher at Daishin Securities, said, "The KOSPI, which had issues with individual stocks, reached 3,005 points early in the session, but the burden of the holiday and program selling and short selling by institutional investors after the ex-dividend date seem to be factors for the early session decline."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
