KOSPI Pauses Amid Foreign Selling... KOSDAQ Surges Over 8%
The KOSPI ended slightly lower, pressured by foreign investors' selling. In contrast, the KOSDAQ Index showed a strong upward trend, reclaiming the 920 mark.
On June 29, the KOSPI closed at 8,394.65, down 16.56 points (0.2%) from the previous day. The provisional trading volume was 368.17 million shares, with trading value amounting to 42.2613 trillion won.
By investor type, institutions and individual investors recorded net purchases of 2.9325 trillion won and 4.5971 trillion won, respectively, while foreign investors recorded net sales of 7.7560 trillion won. In the futures market, the trend was reversed: institutions and individuals recorded net sales of 883.2 billion won and 6.2 billion won, respectively, while foreign investors recorded net purchases of 917.5 billion won. Program trading saw net purchases of 338.5 billion won in arbitrage trades and net sales of 5.1508 trillion won in non-arbitrage trades.
Most sectors rose. The construction sector climbed by 10.19%, medical precision by 8.94%, chemicals by 8.83%, pharmaceuticals by 8.73%, non-metallics by 8.35%, leisure and culture by 7.92%, general services by 7.83%, securities by 6.95%, metals by 6.64%, and machinery and equipment by 6.39%. On the other hand, the insurance sector fell by 3.24%, while electrical and electronics declined by 2.04%, distribution by 1.31%, and manufacturing by 0.61%.
Among large-cap stocks, performance was mixed. Samsung Electronics and SK hynix fell by 4.86% and 1.68%, respectively, while SK Square dropped 4.65%, Samsung Life Insurance 5.55%, Samsung C&T 4.75%, and SK 3.68%. In contrast, Samsung Electro-Mechanics rose by 2.26%, Hyundai Motor by 3.43%, LG Energy Solution by 20.81%, Samsung Biologics by 7.82%, and HD Hyundai Heavy Industries by 4.96%.
On the day, 820 stocks rose, 88 declined, and 9 were unchanged. Six stocks hit the upper price limit.
The KOSDAQ Index surged by more than 8% on the same day. The KOSDAQ closed at 920.57, up 69.2 points (8.13%) from the previous day. By investor type, institutions and foreign investors recorded net purchases of 504.1 billion won and 38.1 billion won, respectively, while individual investors recorded net sales of 526.9 billion won.
Most large-cap KOSDAQ stocks rose. Alteogen climbed 8.59%, Ecopro 23.69%, Ecopro BM 15.56%, Rainbow Robotics 7.5%, Kolon TissueGene 2.2%, Jusung Engineering 6.64%, HLB 6.92%, Leeno Industrial 1.19%, Legochem Bio 14.0%, ABL Bio 20.18%, and Samchundang Pharm 13.3%. In contrast, Wonik IPS fell by 2.93%.
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Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate was trading at 1,542.3 won, up 6.5 won from the previous day.
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