The KOSPI retreated to the 4100 level, closing lower for the first time in four trading days. The won-dollar exchange rate, which had exceeded 1,480 won, plunged below 1,450 won following strong verbal intervention by the foreign exchange authorities.
On the 24th, the KOSPI closed at 4108.62, down 8.70 points (0.21%) from the previous trading day. Photo by Shinhan Bank.
On December 24, the KOSPI closed at 4,108.62, down 8.70 points (0.21%) from the previous trading day. The index opened at 4,136.24, up 0.46% from the previous day, but failed to maintain its upward momentum and gave up its gains. In the afternoon, it turned downward and ultimately ended in negative territory for the first time in four sessions.
By investor type, foreign investors and institutions were net buyers, purchasing 480 billion won and 215.6 billion won, respectively. In contrast, individual investors were net sellers, offloading 700.1 billion won.
By sector, machinery & equipment, medical & precision, transportation equipment & parts, pharmaceuticals, and securities all declined by more than 1%. On the other hand, paper & wood rose by 1.12%.
Among the top market capitalization stocks, Samsung Electronics ended trading at 111,100 won, down 400 won (0.36%) from the previous session. HD Hyundai Heavy Industries, Doosan Enerbility, and Hanwha Aerospace all fell by more than 2%, while Samsung Biologics dropped by 1.69%. In contrast, SK Square and Shinhan Financial Group each rose by more than 1%.
On the KOSPI, 380 stocks rose, including two that hit the upper price limit-Hanjin KAL Preferred and CJ Seafood 1 Preferred. A total of 483 stocks fell without any hitting the lower price limit, while 65 stocks ended unchanged.
The KOSDAQ closed at 915.20, down 4.36 points (0.47%) from the previous trading day.
By investor type, foreign investors were net sellers, offloading 62.5 billion won. In contrast, individuals and institutions were net buyers, purchasing 36 billion won and 71 billion won, respectively.
By sector, machinery & equipment and non-metallics declined by more than 1%. On the other hand, paper & wood rose by 1.54%.
Among the top market capitalization stocks, Alteogen ended trading at 430,000 won, down 9,500 won (2.16%) from the previous session. Rainbow Robotics fell by 3.88%, while Kolon TissueGene, Peptron, and Samchundang Pharm all declined by more than 2%. In contrast, Boronoi rose by 3.61%, and both Aimed Bio and Ligachem Bio climbed by more than 1%.
On the KOSDAQ market, 622 stocks rose, including four that hit the upper price limit such as Cellumed and PeopleBio. A total of 1,003 stocks fell without any hitting the lower price limit, while 130 stocks ended unchanged.
In the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,449.8 won, down 33.8 won from the previous session. The foreign exchange authorities curbed the upward trend in the exchange rate by deploying strong verbal intervention and policy tools after the market opened.
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