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KOSPI declines on institutional and external selling… Closed at 2977.65 this year

The KOSPI closed at 2977.65 on the 30th, the last trading day of the year. The index fell 0.5%, driven by institutional and foreign selling.

On the 30th, the KOSPI closed at 2977.65, down 15.64 points (0.52%) from the previous trading day (2993.29). The index was mixed at the beginning of the open, but turned downward and closed the trade. The KOSPI will close on this day and open on January 3, next year.

In the stock market, institutions and foreigners sold 750.6 billion won and 227.7 billion won, respectively. On the other hand, individuals alone bought 953.2 billion won.

By industry, medical precision (2.03%), distribution (0.66%), and paper and wood (0.49%) were excluded. Textiles and clothing (-1.95%), transport warehouses (-1.76%), chemicals (-1.38%), steel and metals (-1.26%), and transportation equipment (-1.16%) fell.

All of the top stocks by market cap fell except for SK Hynix (3.15%) and Samsung Biologics (1.46%). Samsung Electronics, the major stock, closed at 78,300 won, down 500 won (0.63%) from the previous trading day. Naver (-0.92%), Kakao (-1.32%), Samsung SDI (-1.21%), Hyundai Motor (-1.42%), LG Chem (-2.07%) and Kia (-1.44%) finished weak.

Park Soo-jin, a researcher at Mirae Asset Securities, said, “In addition to year-end trading volume, foreign and institutional selling continued for two consecutive trading days after the dividend base date, limiting the index rise. The semiconductor industry of Hynix and KOSDAQ rose,” he analyzed.

The major indices on the New York Stock Exchange closed mixed overnight. On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 36,488.63, up 90.42 points (0.25%) from the previous day. It rose for six consecutive trading days.

The Standard & Poor’s (S&P) 500 index also closed at 4793.06, up 6.71 points (0.14%) from the previous day. On the other hand, the Nasdaq index, which focuses on technology stocks, closed at 15,766.22, down 15.51 points (0.10%) from the battlefield.

The KOSDAQ index finished trading at 1033.98, up 5.93 points (0.58%) from the previous trading day (1028.05). The index turned bullish in the early part of the market and maintained its uptrend and closed the market.

In the KOSDAQ market, an individual alone bought 222.2 billion won worth. On the other hand, institutions and foreigners sold 189.5 billion won and 26.7 billion won, respectively.

The top 10 stocks by market cap on the KOSDAQ were mixed. Celltrion Healthcare (-1.35%), EcoproBM (-0.48%), L&F (-0.09%), Wemade (-1.39%), and Celltrion Pharm (-1.82%) fell. On the other hand, Pearl Abyss (2.29%), Kakao Games (1.56%), HLB (0.72%), Chunbo (1.16%) and Alteogen (0.26%) rose.

[서울=뉴시스]