Yang Market Recovers Losses... KOSPI Closes Slightly Lower at 2645.27

KOSDAQ Sees Net Buying by Individuals and Institutions
Most Sectors End Higher

On the 24th, the domestic stock markets, including KOSPI and KOSDAQ, mostly recovered their early losses by the close of trading.

On that day, the KOSPI closed at 2,645.27, down 0.35% from the previous trading day. It opened down 0.70% but recovered a significant portion of the losses, maintaining the 2,640 level.

By investor type, foreigners and institutions sold net amounts of 204.2 billion KRW and 90.5 billion KRW, respectively. Individuals bought a net 191.6 billion KRW. Pension funds also purchased 17.8 billion KRW worth of stocks.

More sectors declined than rose. The order of decline was machinery and equipment (-1.96%), general services (-1.30%), electrical and electronics (-0.93%), manufacturing (-0.63%), pharmaceuticals (-0.48%), and medical and precision instruments (-0.45%). On the other hand, transportation and warehousing (3.94%), distribution (1.45%), electricity and gas (1.40%), telecommunications (1.16%), and paper and wood (1.04%) rose.

The price movements of the top market capitalization stocks were mixed. LG Energy Solution (1.8%), Hanwha Aerospace (0.9%), NAVER (0.6%), Hyundai Motor (0.4%), and Kia (0.3%) closed higher. SK Hynix (-2.1%), Samsung Electronics (-1.5%), KB Financial Group (-0.8%), Samsung Biologics (-0.5%), and Celltrion (-0.1%) declined.

KOSDAQ also closed at 773.33, down 0.17% from the previous trading day. It started down 1%, briefly widened the loss to 1.31% in the morning, but then steadily rose to close near the flat line.

In the KOSDAQ market, individuals and institutions absorbed the selling pressure from foreigners. Foreigners sold a net 150.5 billion KRW, while individuals and institutions bought net amounts of 42.9 billion KRW and 101.6 billion KRW, respectively.

Unlike KOSPI, more sectors rose in the KOSDAQ market. The construction sector had the largest gain at 1.79%, followed by finance (1.07%), pharmaceuticals (0.98%), non-metallic minerals (0.98%), publishing and media reproduction (0.61%), distribution (0.58%), and transportation equipment and parts (0.57%). Machinery and equipment (-1.37%), general services (-1.05%), and entertainment and culture (-0.53%) declined.

Among the top market cap stocks, more fell than rose. Rainbow Robotics had the largest drop at -3.5%, followed by Alteogen (-2.3%), Ligand Chem Bio (-1.9%), Classys (-1.3%), Lino Industrial (-1.1%), and Hugel (-0.1%). On the other hand, HLB surged by 7.5%. Samchundang Pharmaceutical (3.9%), EcoPro BM (2.4%), and EcoPro (2.0%) also rose.