KOSPI Flat Around 4,950 on Retail and Foreign Selling Pressure

[Financial News] The Korea Composite Stock Price Index (KOSPI), which briefly recovered the 5,000 level earlier in the morning, is now moving flat around the 4,950 level as selling by retail and foreign investors weighs on the market.
According to the Korea Exchange (KRX) on the 23rd, as of 1:50 p.m. the KOSPI was trading at 4,958.39, down 5.86 points, or 0.12%, from the previous session.
In the KOSPI Market, institutional investors were net buyers of 850.1 billion won, while retail investors and foreigners were net sellers of 475.6 billion won and 460.9 billion won, respectively.
By sector, securities (7.56%), IT services (3.22%), and construction (2.53%) were strong, while electricity and gas (-7.04%), transportation equipment and parts (-2.11%), and transportation and warehousing (-2.01%) were weak.
Among large-cap stocks, Naver (7.13%), Doosan Enerbility (3.56%), and Samsung C&T (2.86%) were gaining, while Hyundai Motor Company (-5.10%), Kia Corporation (-3.95%), and Hanwha Aerospace (-3.72%) were declining.
At the same time, the Korea Securities Dealers Automated Quotations (KOSDAQ) was trading at 994.05, down 23.70 points, or 2.44%, from the previous day. Foreign investors and institutions were net buyers of 67.2 billion won and 681.6 billion won, respectively, while retail investors were net sellers of 714.4 billion won.


koreanbae@fnnews.com Bae Han-geul Reporter