KOSPI, Foreigners and Institutions Sell Together... Below 2470 Level

The KOSPI fell below the 2470 level as foreigners and institutions simultaneously engaged in net selling.

On the 17th, the KOSPI closed at 2469.85, down 18.33 points (0.74%) from the previous trading day.

On the afternoon of the 16th, the status board in the dealing room of Hana Bank's headquarters in Jung-gu, Seoul, displays the KOSPI, KRW/USD exchange rate, and KOSDAQ index. [Image source=Yonhap News]

By investor type, foreigners and institutions net sold 82.5 billion KRW and 240.9 billion KRW respectively. Meanwhile, individuals net bought 293.1 billion KRW.

By sector, transportation and warehousing rose 1.64%. On the other hand, textiles and apparel, medical precision, services, machinery, and electrical and electronics all fell more than 1%.

Among the top market capitalization stocks, Samsung Electronics closed at 72,500 KRW, down 300 KRW (0.41%) from the previous trading day. LG Energy Solution, Samsung SDI, and POSCO Future M each fell more than 2%. SK Hynix and Samsung Biologics also dropped more than 1%. Conversely, Kia, LG Chem, and Celltrion saw slight gains.

On this day in the KOSPI market, 271 stocks rose without hitting the upper limit, 616 stocks fell without hitting the lower limit, and 50 stocks remained unchanged.

The KOSDAQ closed at 799.06, down 12.05 points (1.49%) from the previous trading day, falling below the 800 mark.

By investor type, foreigners and institutions net sold 181.2 billion KRW and 121.1 billion KRW respectively. Meanwhile, individuals net bought 290.5 billion KRW.

By sector, entertainment and culture fell 5.31%, while finance and digital content dropped more than 3%. Machinery and metals also declined more than 2%. Additionally, general electrical and electronics, transportation equipment parts, and publishing and reproduction fell more than 1%. Conversely, telecommunications services, internet, and non-metal sectors saw slight gains.

Among the top market capitalization stocks, EcoPro BM closed at 238,000 KRW, down 4,500 KRW (1.86%) from the previous trading day. JYP Ent. and EcoPro fell 9.52% and 4.50% respectively. L&F dropped 3.27%, while Rainbow Robotics and Pearl Abyss also declined more than 2%. On the other hand, POSCO DX rose 3.29%, Rino Industrial increased 2.66%, and Celltrion Pharm jumped 1.48%.

In the KOSDAQ, 396 stocks including Macrogen, S-Politech, and ToolGen rose. Without hitting the lower limit, 1,158 stocks fell, and 74 stocks remained unchanged.