Kospi plunges 2.7%... down to 500 Line on KOSDAQ
Kospi plunges 2.7%... down to 500 Line on KOSDAQ
  • 박효선 기자
  • 승인 2020.03.11 17:09
  • 최종수정 2020.03.11 17:09
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KOSPI, KOSDAQ close March 11. Photos: Korea Exchange
KOSPI, KOSDAQ close March 11. Photos: Korea Exchange

[Infostock Daily= Reporter Park Hyo-sun] The KOSPI plunged 2.8 percent to 1900 Line on the 11th, while the KOSDAQ also plunged 3.93% to 500 Line.

The KOSPI index closed at 1908.27, down 54.66 points (▼2.78%) from the previous trading day (1962.93).

The KOSPI index rose 2.74 points, or 0.14%, to close at 1965.67. However, the index fell sharply in the afternoon, the lowest level in more than four years since February 17, 2016 (1883.94) on the closing price basis.

In the KOSPI market, individuals net bought KRW 1.816 trillion, while foreigners sold KRW 700.6 billion and institutions sold KRW 464.5 billion.

By industry, all but banks ▲(0.07%) fell. Medical precision (▼4.6%), electric gas (▼4.4%), electrical and electronic (▼4.3%), machinery (▼3.7%), paper wood (▼3.54%), pharmaceuticals (▼3.09%), machinery (▼3.73%), and construction industry (▼2.29%) were the biggest drops.

Samsung Electronics (▼4.53%), SK Hynix (▼4.04%), Samsung Electronics Preferred Stock (▼2.53%), Samsung Bio Logics (▼2.42%), NAVER (▼1.16%), LG Chem (▼2.28%), Celltrion (▼3.31%), Hyundai Motor (▼1.96%), Samsung SDI (▼1.53%), Samsung C&T (▼2.40%) fell.

The KOSDAQ index closed at 595.61, down 24.36 points (▼3.93%) from the previous trading day (619.97). The index fell to its lowest level in more than six months since August 27 (588.32) last year, based on closing prices.

In the KOSDAQ market, individuals net bought 323.8 billion won, while foreigners sold 260.7 billion won and institutions sold 62.5 billion won.

By industry, services (▼5.1%), machinery equipment (▼4.8%), pharmaceuticals (▼4.6%), general electrical and electronics (▼4.4%), paper wood (▼3.92%), and distribution (▼3.58) fell.

All but Seegene (▲7.86%) fell in the top-tier stocks of market capitalization. Celltrion Healthcare (▼3.08%), HLB (▼5.14%), CJ ENM (▼5.38%), Pearl Abyss (▼3.64%), Studio Dragon (▼2.88%), KM W (▼1.98%), Eco Probium (▼4.62%), SK Materials (▼3.23%), etc. fell.

The won-dollar exchange rate in the Seoul foreign exchange market closed at 1,193.0 won per dollar, down 0.2 won (0.0%) from the previous day.

Reporter Park Hyo-sun hs1351@infostock.co.kr


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