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KOSPI Faces Foreign Selling Pressure... Drops Below 2600 Level

KOSPI Faces Foreign Selling Pressure... Drops Below 2600 Level [Image source=Yonhap News]

The KOSPI index closed lower, pressured by net selling from foreign investors.


On the 18th, the KOSPI index ended trading at 2,593.82, down 15.48 points (0.59%) from the previous day. The trading volume was 259.13 million shares, and the trading value was tentatively estimated at 8.0978 trillion KRW.


By investor type, institutions and individuals were net buyers of 92.6 billion KRW and 363.2 billion KRW respectively, while foreigners were net sellers of 479.6 billion KRW. In program trading, there was a net purchase of 58 billion KRW in arbitrage trading and a net sale of 481.2 billion KRW in non-arbitrage trading.


More sectors declined than rose. The machinery sector fell 2.56%, medical precision -2.5%, electrical and electronics -1.76%, manufacturing -0.96%, transportation equipment -0.85%, food and beverages -0.77%, construction -0.69%, distribution -0.6%, chemicals -0.34%, paper and wood -0.28%, and transportation and storage -0.17%. On the other hand, the pharmaceuticals sector rose 1.84%, electric and gas utilities 1.33%, steel and metals 1.16%, telecommunications 0.96%, and securities 0.88% closed stronger.


Among the top market capitalization stocks, more declined than rose. Samsung Electronics was down 0.84%, SK Hynix -4.44%, LG Energy Solution -2.14%, Hyundai Motor -0.42%, Celltrion -0.26%, Kia -0.11%, and Shinhan Financial Group -0.53%. Meanwhile, Samsung Biologics rose 3.31%, KB Financial Group 0.75%, POSCO Holdings 0.73%, and NAVER 1.03%.


The KOSDAQ index showed a decline of over 1%. The KOSDAQ index closed at 753.22, down 11.84 points (1.55%) from the previous day. By investor type, institutions and foreigners were net sellers of 210.3 billion KRW and 32.4 billion KRW respectively, while individuals were net buyers of 247.9 billion KRW.


Most of the top market capitalization stocks declined. EcoPro BM and EcoPro fell 1.98% and 0.62% respectively, Rigachem Bio -0.08%, Classys -0.49%, Enchem -3.23%, Hugel -2.9%, Samchundang Pharm -4.37%, Lino Industrial -7.06%, Celltrion Pharm -1.97%, and Rainbow Robotics -3.3%. Meanwhile, Alteogen closed slightly higher by 0.65%.


Meanwhile, at this time in the Seoul foreign exchange market, the KRW/USD exchange rate is trading at 1,370.9 won, down 1.8 won from the previous day.


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