Kospi flat, Kosdaq up, but Netmarble declines

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Kospi flat, Kosdaq up, but Netmarble declines

Shares closed lower Monday as retail investors remained net sellers of large-cap stocks. The won fell sharply against the dollar.

The benchmark Kospi fell 0.88 points, or 0.04 percent, to close at 2,129.74. Trading volume was moderate at 405 million shares worth 4.5 trillion won ($3.9 billion), with winners outnumbering losers 493 to 341.


Despite starting strong in the morning, the main index ended lower for a second day as retail investors offloaded shares.

Individuals sold a net 152.6 billion won worth of shares, while institutions bought a net 6.1 billion won worth of stocks. Foreign investors net purchased shares worth 155.1 billion won.

Large cap shares mostly ended mixed across the board.

Samsung Electronics lost 0.85 percent to 46,600 won, while chipmaker SK Hynix rose 0.72 percent to 70,000 won. LG Electronics nosedived 3.28 percent to 76,700 won.

Auto shares closed mixed as well. Hyundai Motor rose 0.71 percent to 141,000 won, but Kia Motors slid 2.50 percent to 42,900 won. Auto parts maker Hyundai Mobis fell 0.21 percent to 235,000 won.

Korea’s leading mobile carrier SK Telecom fell 0.77 percent to 257,000 won and KT slid 0.54 percent to 28,200 won. Yet LG U+ gained 1.38 percent to 14,700 won.

Logistics firms were also mixed, with Hyundai Glovis falling 0.31 percent to 160,500 won, while CJ Korea Express advancing 1.12 percent to 136,000 won.

Bio shares were among the gainers. Celltrion gained 1.22 percent to 208,000 won, and Samsung BioLogics inched up 0.31 percent to 321,000 won. Hanmi Pharmaceutical jumped 3.47 percent to 418,000 won.

Posco advanced 3.07 percent to 252,000 won, and Naver inched up 0.44 percent to 114,500 won. Netmarble nosedived 11.06 percent to 100,500 won. The company released the new BTS World game June 26.

The secondary Kosdaq gained 5.47 points, or 0.79 percent, to close at 696.00. The index ended higher after seven days of continued loss as foreign investors and individuals remained net buyers throughout the day after seeing Nasdaq’s biotech shares advancing 1.7 percent last week.

The local currency closed up 4.10 won from the last week’s close.

Bond prices, which move inversely to yields, ended lower. The yield on three-year bonds gained 0.7 basis points to 1.479 percent, and the return on 10-year bonds rose 1.2 basis points to 1.608 percent.

BY KO JUN-TAE [ko.juntae@joongang.co.kr]
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