On the 12th, the stock market opened with the KOSPI index declining and the KOSDAQ index slightly rising. The won-dollar exchange rate continued to rise from the previous day, reaching its highest level in 17 months. Employees are working in the dealing room at the Hana Bank headquarters in Euljiro, Seoul. Photo by Heo Younghan younghan@
The KOSPI index fell below the 2700 mark, pressured by net selling from institutional investors.
On the 12th, the KOSPI index closed at 2681.82, down 25.14 points (0.93%) from the previous day. Trading volume was 513.4 million shares, and the trading value was tentatively estimated at 11.7202 trillion KRW.
By investor type, institutions were net sellers of 636 billion KRW, while foreigners and individuals were net buyers of 14.6 billion KRW and 589.7 billion KRW, respectively. Foreigners led the index decline by net selling 1.3267 trillion KRW in the futures market. Program trading saw net selling of 354.5 billion KRW in arbitrage trading and 210 billion KRW in non-arbitrage trading.
On that day, the KOSPI index started in a slightly positive range, influenced by the previous day’s Nasdaq closing higher due to easing Producer Price Index (PPI) and strength in artificial intelligence (AI)-related stocks. However, the index reversed to a decline as institutional net selling and foreigners’ net selling in futures continued.
Most sectors declined. The electric and gas utilities sector dropped 4.6%, insurance -3.97%, textiles and apparel -3.14%, distribution -2.82%, transportation and warehousing -2.29%, finance -2.21%, and construction -1.72%. Conversely, the medical precision sector rose 2.38%, machinery 1.46%, and pharmaceuticals 0.51%.
Most of the top market capitalization stocks were also weak. Samsung Electronics fell 0.48%, SK Hynix -0.53%, LG Energy Solution -2.24%, Samsung Biologics -0.63%, Hyundai Motor -1.24%, Kia -1.7%, and POSCO Holdings -1.25%. On the other hand, Celltrion rose 1.5%, and NAVER and LG Chem both recorded gains of over 1%.
The KOSDAQ index closed higher that day. The KOSDAQ index ended at 860.47, up 2.37 points (0.28%) from the previous day. By investor type, institutions and foreigners were net sellers of 24.4 billion KRW and 29.6 billion KRW, respectively, while individuals were net buyers of 43.4 billion KRW.
Top market capitalization stocks showed mixed movements. EcoPro BM fell 4.39%, and Enchem dropped 1.09%. Shinsung Delta Tech declined 4.16%, Dongjin Semichem -2.09%, and Classys -0.8%. Meanwhile, HLB rose 2.76%, Alteogen 3.0%, Lino Industrial 7.44%, Celltrion Pharm 1.26%, HPSP 0.94%, and Rainbow Robotics 0.17% closed higher.
Meanwhile, in the Seoul foreign exchange market, the KRW/USD exchange rate closed at 1375.4 won, up 11.3 won from the previous day.
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