On the first trading day of the new year, the KOSPI index is showing a slight decline.
As of 10:05 a.m. on that day, the KOSPI index recorded a drop of 8.70 points (0.36%) to 2390.79 compared to the previous transaction day. Foreign investors and institutional investors are net sellers of 54.3 billion won and 7.8 billion won, respectively, while individual investors are net buyers of 61.8 billion won.
On that day, both Samsung Electronics and SK hynix, the first and second largest stocks in terms of market capitalization on the KOSPI market, are falling. Samsung Biologics, Celltrion, and POSCO Holdings are also declining. In contrast, financial stocks including LG Energy Solution, Hyundai Motor, Kia, KB Financial Group, Shinhan Financial Group, and Meriz Financial Group are showing an upward trend.
At the same time, the KOSDAQ index is recording a rise of 1.47 points (0.22%) to 679.65 compared to the previous transaction day. Individual investors are net buying 80.4 billion won while foreign investors and institutional investors are net selling 64 billion won and 14.7 billion won, respectively.
Among the top stocks by market capitalization on the KOSDAQ market, Alteogen, Ecopro, and Ecopro are falling. Rainbow Robotics, which has become a subsidiary of Samsung Electronics, has reached its highest price in a year. Shinseong Delta Tech, CLASSYS, and Reno Technology are also showing strong performance.
On the last transaction day of last year, Dec. 31 (local time), the New York Stock Exchange closed the year on a downward note, with all three major indices falling. The Dow Jones Industrial Average fell by 0.07%, the Standard and Poor's (S&P) 500 Index decreased by 0.43%, and the Nasdaq Composite Index dropped by 0.90%. Consequently, the S&P 500 index and the Nasdaq index marked a decline for four consecutive transaction days, while the Dow index fell for three consecutive transaction days, wrapping up the market for 2024.