Foreign Investors Turn Early in the Month
Foreign Investors Net Sell Samsung Electronics for 408.7 Billion KRW
The KOSPI fell below the 2600 mark again on the 20th due to simultaneous selling by individuals and foreigners. In the early session, Samsung Electronics and SK Hynix showed an upward trend driven by semiconductor bargain buying sentiment, but only Samsung Electronics turned to a downward trend.
The KOSPI closed at 2593.37, up 0.49% (12.57 points) from the previous day. The index opened at 2603.83, up 0.89% (23.03 points) from the previous close, but fell below 2600 as foreigners turned to selling.
Individuals and foreigners net sold 242.1 billion KRW and 36.4 billion KRW, respectively. Only institutions net bought 273.4 billion KRW. In the futures market, individuals and foreigners bought 23.9 billion KRW and 342.8 billion KRW, respectively, while institutions alone sold 341 billion KRW.
Among the top 10 stocks by market capitalization, SK Hynix rose the most at +2.81%. This was followed by Kia +2.03%, Hyundai Motor +1.83%, KB Financial +1.33%, and Samsung Biologics +1.05%. Meanwhile, Samsung Electronics closed down 0.16% at 63,000 KRW.
The KOSDAQ closed at 748.33, up 1.19% from the previous day. The index started at 746.13, up 0.90% (6.62 points) from the previous close, and slightly expanded its gains. Foreigners and institutions led the index by net buying 112.6 billion KRW and 48.3 billion KRW, respectively. Only individuals net sold 147.6 billion KRW.
Among the top 10 stocks by market capitalization, Ligakem Bio rose 8.26%, Samchundang Pharmaceutical +3.88%, Alteogen +3.71%, HLB +3.58%, and EcoPro +2.34%. Only Enchem -0.56% and Classys -1.60% declined.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
