Battery Sector Weakness... L&F Drops Over 4%
On the 25th, the KOSPI and KOSDAQ opened higher but turned lower within about 10 minutes due to selling pressure from foreigners and institutions.
As of 9:15 AM, the KOSPI closed at 2381.31, down 0.09% (2.20 points) from the previous day. The KOSPI started the day up 0.24% (5.72 points) at 2389.23 but soon turned downward.
Foreigners and institutions sold a net 52.1 billion KRW and 57.4 billion KRW respectively, pulling the index down. Individual investors alone are net buyers with 106.2 billion KRW. In the futures market, foreigners and institutions are buying 43.4 billion KRW and 19.9 billion KRW respectively, while individuals are selling 55.7 billion KRW.
Among the top 10 stocks by market capitalization, the trend is mixed. Samsung Electronics +0.15%, SK Hynix +0.47%, Hyundai Motor +0.16%, and Kia +0.61% are rising. LG Energy Solution -3.46%, POSCO Holdings -3.16%, and Samsung SDI -3.02% are showing notable declines.
As of 9:18 AM, the KOSDAQ is at 780.72, down 0.53% (4.14 points) from the previous day. The KOSDAQ also started higher at 788.01, up 0.40% (3.15 points), but turned downward. Foreigners and institutions sold a net 75.7 billion KRW and 6.6 billion KRW respectively, dragging the index down. Individual investors alone are net buyers with 80.8 billion KRW.
Among the top 10 stocks by market capitalization, battery stocks are notably declining. Ecopro BM -2.78%, Ecopro -2.53%, Celltrion Healthcare -1.04%, POSCO DX -2.03%, and L&F -4.17% are falling. HPSP is up 5.67%, approaching the 50,000 KRW level.
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