KOSPI, Slight Decline Amid 'Cautious Trading' Before Holiday... Exchange Rate Surpasses 1,455 Won

KOSPI closed with a slight decline. Although the won-dollar exchange rate surpassed 1,455 won per dollar, volatility did not increase significantly amid cautious trading ahead of the holiday.

On the 24th, KOSPI finished trading at 2,440.52, down 1.49 points (0.06%) from the previous day.

In the early session, individual investors, who were aggressively buying stocks in the main board, ended up selling a net 95.6 billion won worth of stocks, dragging down the stock prices. Foreign investors also sold a net 16.7 billion won worth of spot stocks and 12 billion won worth of KOSPI 200 futures. Institutions bought 22 billion won worth of stocks, while other corporations purchased a net 90.9 billion won worth of stocks.

Despite the significant rise in the exchange rate, it was fortunate that the foreign selling pressure did not increase. By the time the stock market closed, the won-dollar exchange rate in the Seoul foreign exchange market was trading at 1,457.8 won per dollar, up 6.9 won (0.48%) from the previous day.

The top market cap stocks showed mixed trends. Samsung Electronics rose by 1.68%, but SK Hynix fell by 0.65%.

LG Energy Solution and Samsung Biologics dropped by 2.51% and 1.16%, respectively.

The fluctuations of other stocks were less than 1%.

KOSDAQ closed at 680.11, up 0.87 points (0.13%) from the previous day. In this market, institutions bought 97.2 billion won worth of stocks, while individuals and foreign investors sold 69.6 billion won and 7.5 billion won worth of stocks, respectively.

The top market cap stocks in KOSDAQ also showed mixed trends. Alteogen and Ligand Pharmaceuticals rose by 6.86% and 6.17%, respectively, but Samchundang Pharm fell by 8.14%.

EcoPro BM, which was rising strongly in the early session, saw its gains shrink to 0.44%, and EcoPro fell by 2.54%.

Rainbow Robotics surged by 8.09%. The news that shipbuilders are pushing for the installation of collaborative robots highlighted the rise in robot stocks.

Hankyung's Hankyung.com reporter Han Kyung-woo case@hankyung.com