KOSPI Falls to 3,920 as Foreign Investors Sell 1 Trillion Won
The KOSPI fell to the 3,920 level, pressured by heavy foreign selling.
On November 19, the KOSPI closed at 3,929.51, down 24.11 points (0.61%) from the previous session. Trading volume was provisionally tallied at 330.77 million shares, with a trading value of 14.2572 trillion won.
By investor type, institutions and individuals were net buyers of 625.5 billion won and 449.1 billion won, respectively, while foreigners were net sellers of 1.0511 trillion won. In the futures market, institutions and foreigners were net buyers of 7.6 billion won and 179.4 billion won, respectively, while individuals were net sellers of 167 billion won. In program trading, there was a net purchase of 219.5 billion won in arbitrage trades and a net sale of 420.2 billion won in non-arbitrage trades.
By sector, performance was mixed. The electricity and gas sector fell by 3.72%; transportation equipment by 1.51%; electrical and electronics by 1.2%; entertainment and culture by 1.06%; manufacturing by 0.84%; machinery and equipment by 0.58%; medical precision by 0.58%; pharmaceuticals by 0.32%; construction by 0.19%; and distribution by 0.19%. In contrast, the metals sector rose 1.97%; telecommunications 1.53%; food, beverage, and tobacco 1.33%; chemicals 0.83%; transportation and warehousing 0.81%; non-metals 0.52%; textiles and apparel 0.49%; and real estate 0.42%.
Most of the top market capitalization stocks declined. Samsung Electronics fell 1.33%; SK Hynix 1.4%; LG Energy Solution 1.24%; Hyundai Motor 0.19%; HD Hyundai Heavy Industries 4.81%; Doosan Enerbility 1.33%; Hanwha Aerospace 1.74%; and KB Financial Group 0.24%. Meanwhile, Samsung Biologics traded flat.
On this day, 465 stocks rose, 419 stocks fell, and 45 stocks remained unchanged. Three stocks hit the upper price limit, while one stock hit the lower price limit.
The KOSDAQ Index also closed lower due to foreign selling. The KOSDAQ Index ended trading at 871.32, down 7.38 points (0.84%) from the previous day. By investor type, institutions and individuals were net buyers of 78.4 billion won and 4.9 billion won, respectively, while foreigners were net sellers of 70 billion won.
Among the top market capitalization stocks, more declined than rose. Alteogen dropped 2.68%; EcoPro BM 1.03%; EcoPro 2.82%; Legochem Bio 2.86%; HLB 2.73%; Samchundang Pharm 2.03%; PharmaResearch 0.78%; and Kolon TissueGene 5.28%. On the other hand, ABL Bio rose 1.98%, Peptone 7.21%, and Rainbow Robotics 2.26%.
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Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1,465.1 won, up 3.2 won from the previous session.
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