KOSPI Recovers to 2500 Level but Remains Weak in Afternoon Session Due to Institutional Selling

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] The KOSPI index has recovered above the 2500 level but continues to show a weak trend in the afternoon session.

As of 1:48 PM on the 18th, the KOSPI index stands at 2505.70, down 0.43% (10.77 points) from the previous trading day. The index opened at 2499.30, down 0.68% (17.17 points) from the previous day, and at one point during the session, it fell more than 1%, dipping below the 2500 mark.

By investor type, institutions sold stocks worth 298.8 billion KRW. In contrast, individual and foreign investors bought stocks worth 166 billion KRW and 130.1 billion KRW respectively, supporting the index.

Among the top 10 market capitalization stocks, all except Samsung Electronics (0.99%) and Samsung Biologics (0.57%) are declining. LG Energy Solution (-0.33%), SK Hynix (-1.65%), LG Chem (-0.91%), Samsung Electronics Preferred (-0.18%), Samsung SDI (-0.95%), NAVER (-2.91%), Hyundai Motor (-2.37%), and Kakao (-2.12%) are all down.

At the same time, the KOSDAQ index is at 825.03, down 0.29% (2.39 points) from the previous trading day. The index opened at 822.71, down 0.57% (4.71 points) earlier today.

By investor type, only individual investors bought stocks worth 105.4 billion KRW, while foreign and institutional investors sold stocks worth 42.1 billion KRW and 43.8 billion KRW respectively.

The top market capitalization stocks on KOSDAQ are showing mixed trends. L&F (0.62%), HLB (4.23%), Alteogen (0.43%), and EcoPro (2.80%) are rising, while Celltrion Healthcare (-2.45%), EcoPro BM (-1.17%), Kakao Games (-1.55%), Pearl Abyss (-0.69%), Celltrion Pharm (-3.02%), and Cheonbo (-0.74%) are declining.