KOSPI Flat as Retail and Institutional Investors Battle for Control [Afternoon Market Report]

[Financial News] KOSPI (Korea Composite Stock Price Index) was moving back and forth in flat trading on the 9th as retail and institutional investors battled for control.
As of 2:55 p.m. that day, KOSPI was trading at 7,259.26, up 12.47 points, or 0.17%, from the previous session.
KOSPI opened 239.85 points, or 3.31%, higher at 7,486.64 from the previous session, but repeatedly swung between gains and losses. On the Korea Exchange Main Board, institutions bought 1.4489 trillion won worth of shares and foreign investors purchased 131.2 billion won, while individual investors sold 1.475 trillion won worth.
Among the 14 largest stocks by market capitalization, SK hynix rose 2.89%, SK Square gained 2.68%, and KB Financial Group advanced 0.88%. However, Samsung Electronics, the largest stock by market cap, was trading at 273,500 won, down 1.44% from the previous session. Other major decliners included Hanwha Aerospace, down 8.17%, Kia, down 7.59%, Samsung Life Insurance, down 6.36%, and Hyundai Motor Company, down 4.81%.
KOSDAQ (Korea Securities Dealers Automated Quotations) was trading at 794.04, up 9.04 points, or 1.15%, from the previous session. The index opened at 794.03, up 9.03 points, or 1.15%.
khj91@fnnews.com Kim Hyun-jung Reporter