KOSPI Closes Lower Amid Foreign and Institutional Selling... 'Samsung Electronics and SK Hynix Weakness'

Samsung Biologics, 'Outperformance' Compared to the Market

The KOSPI closed lower due to simultaneous selling by foreigners and institutions. In particular, Samsung Electronics and SK Hynix, which hold a large portion of the market capitalization, were weak.

[Image source=Yonhap News]

On the 8th, the KOSPI closed at 2,556.73, down 11.68 points (0.45%) from the previous trading day.

By investor type, foreigners and institutions sold a net 530.4 billion KRW and 286.2 billion KRW, respectively. Meanwhile, individuals bought a net 808.9 billion KRW.

By industry, construction rose 5.00%. Medical precision also increased by 3.87%. In addition, securities, machinery, and transportation equipment rose more than 1%. On the other hand, electric and electronics fell 2.14%. Other sectors such as electric gas, chemicals, and steel & metals declined more than 1%.

Among the top market capitalization stocks, Samsung Electronics closed at 73,400 KRW, down 1,300 KRW (1.74%) from the previous trading day. SK Hynix fell 3.48%. Samsung SDI also dropped 4.11%. Conversely, Samsung Biologics rose 1.46%, outperforming the market.

On this day, 424 KOSPI stocks rose without hitting the upper limit, while 468 stocks fell without hitting the lower limit. 44 stocks remained unchanged.

The KOSDAQ closed at 745.28, down 3.26 points (0.44%) from the previous trading day.

By investor type, individuals bought a net 246.1 billion KRW. Meanwhile, foreigners and institutions sold a net 201.3 billion KRW and 61.9 billion KRW, respectively.

By industry, other services rose 1.76%. Distribution also increased by 1.52%. On the other hand, finance fell 2.84%. Chemicals and metals also declined more than 1%. Manufacturing, construction, and transportation closed slightly lower.

Among the top market capitalization stocks, EcoPro BM closed at 166,400 KRW, down 7,800 KRW (4.48%) from the previous trading day. EcoPro fell 4.51%. Enchem dropped 4.77%. Other stocks such as HLB and Classys closed down more than 3%. Conversely, Pearl Abyss surged 5.10%. Silicon투 rose 3.70%.

On the KOSDAQ, seven stocks including JinMatrix, Seoul Pharma, and Blue M Tech hit the upper limit, with 634 stocks rising. Meanwhile, 946 stocks fell without hitting the lower limit, and 78 stocks closed unchanged.