On the 27th, profit-taking pressures flooded the KOSPI market, causing the index to close slightly lower. The index, which had risen by 2% the previous day, could not withstand the selling pressure from foreign and domestic institutional investors.
On that day, the KOSPI index closed at 2637.22, down 7.18 points (0.27%) from the previous transaction day. In the securities market, foreigners and institutions had net sales of 759 million won and 199 million won, respectively, while individuals bought 534 million won worth.
The top 10 corporations by market capitalization in the securities market generally declined. Samsung Electronics fell by 1.46%, while SK hynix dropped by 0.25%. Samsung Biologics and LG Energy Solution also saw declines of 1.63% and 1.98%, respectively. Meanwhile, Hanwha Aerospace continued its upward trend, rising by nearly 6.5%, and Celltrion also increased by 1.7%.
Lee Kyung-min, head of the investment strategy team at DAISHIN SECURITIES, noted, "Profit-taking pressures from major sectors with high market capitalization, such as secondary batteries, semiconductors, and insurance, which had risen the previous day, put downward pressure on the KOSPI index," and added, "Although the KOSPI index is in a rebound phase, it continues to struggle to break through the 2640-2680 range."
The KOSDAQ index recorded a rise of 1.84 points (0.25%), closing at 727.11. In the KOSDAQ market, individuals and foreigners net bought 219 million won and 13 million won, respectively, while institutions had net sales of 127 million won.
The top 10 corporations by market capitalization in the KOSDAQ market showed overall strength. ABL Bio (22.55%) and LigaChem Biosciences (4.22%), along with Alteogen (3.77%), stood out with notable gains. As supply and demand concentrated in the pharmaceutical and biotech sectors, companies such as Ecopro (-2.91%), ECOPRO BM (-5.03%), and Rainbow Robotics (-0.93%) experienced declines.
Lee Jae-won, a researcher at Shinhan Investment Corp., stated, "While pharmaceutical and biotech stocks showed strength, secondary batteries and semiconductors were weak, leading to a rotation among sectors," adding that "technology transfer companies such as ABL Bio and LigaChem Biosciences also showed strength amid expectations of re-evaluation due to the receipt of technology transfer contract payments."
Meanwhile, as of the market closing time that day, the won-dollar exchange rate recorded a decrease of 0.7 won, standing at 1369.8 won, continuing the trend of a weaker dollar.