[이코노믹리뷰=정다희 기자] The KOSPI closed lower on foreign and institutional sell-offs.
According to the Korea Exchange on the 21st, the KOSPI closed at 2,686.05, down 20.97 points (0.77%) from the previous trading day. On that day, the index started at 2,717.81, up 10.79 points (0.40%) from the previous day, and continued to sell out by foreigners and institutions, increasing its decline.
In the KOSPI, individuals alone net bought 798.4 billion won. Foreigners and institutions net sold 485.7 billion won and 331.5 billion won, respectively. In program trading, arbitrage trading net sold KRW 10.4 billion and non-arbitrage transaction net sold KRW 432.9 billion, showing a total of KRW 443.3 billion in selling.
The KOSPI transaction amount recorded KRW 8,576.9 billion, down 25% from the previous trading day (KRW 11.44 trillion). The average daily trading value in the previous month was 10.95 trillion won.
Stocks with the highest market caps fluctuated. Samsung Electronics (005930), the blacksmith, finished trading at 69,900 won, down 800 won (1.13%) from the previous trading day. SK Hynix (000660) (-1.61%) also fell by 1%.
LG Energy Solutions (373220) (1.05%) rose to second place by market cap again on the day.
NAVER (035420) (-1.60%) and Kakao (035720) (-3.23%) also declined slightly significantly.
Samsung Biologics (207940) (0.12%) rose slightly, while Celltrion (068270) (-2.95%) fell.
LG Chem (051910) (0.31%) rose and Samsung SDI (006400) (-) finished trading flat.
Hyundai Motor (005380) (-1.46%) and Kia (000270) (-2.08%) also fell.
By industry, chemical (0.75%), paper and wood (0.64%), non-metallic minerals (0.52%), food and beverage (0.33%), and steel and metal (0.05%) rose slightly, while all other industries fell. Medical precision (-3.54%), banking (-3.41%), and electricity and gas industry (-3.05%) saw the biggest declines.
The KOSDAQ recorded 918.40, down 4.56 points (0.49%) from the previous trading day. Individuals and institutions net bought 59.3 billion won and 11.2 billion won, respectively, and foreigners net sold 65.6 billion won. The KOSDAQ transaction amount recorded 8.27 trillion won, down from the previous trading day (8.475 trillion won).
Lee Kyung-min, head of investment strategy at Daishin Securities, said, “The KOSPI fell due to the net selling of foreigners and institutions. “The burden of monetary policy and concerns over an economic slowdown continued to negatively affect investor sentiment,” he said.
“While the Japanese stock market was closed, the Asian stock market showed mixed results, with China’s Shanghai Composite Index remaining flat at 3,250 and Hong Kong’s Hang Seng Index falling.”
Hong Kong’s H-Index fell more than 1.5% on the day. The Hong Kong H Index is an index calculated by selecting the stock prices of 50 mainland Chinese companies. While the Greater China stock market was also mixed on that day, the reason for the drop in the H index is believed to be the effect that China’s loan preferential rate (LPR) was frozen in March, when expectations for a cut were gathered, and the disappointment caused by this was highlighted.
Meanwhile, investor deposits, CMA balances, and credit loan balances all increased.
According to the Financial Investment Association, as of the 18th, investor deposits increased by 0.63% from the previous trading day to 61,449.2 billion won. The credit loan balance increased by 0.02% from the previous trading day to KRW 21,479.8 billion, and the CMA balance increased by 5.42% to KRW 69.9 trillion.
