Institution reverses to selling after 9 trading days
Daemyung Sohnosign, additional purchase of T’way Air shares, ‘[Edaily Kim In-kyung Reporter] Amid the selling pressure from foreigners and institutions, the decline of the KOSDAQ market has been expanding on the morning of the 2nd.’,, ‘According to MP Doctor, as of 10:30 a.m. on this day, the KOSDAQ index is trading at 791.55, down 21.98 points (2.70%) from the previous trading day.’,, ‘The index, which started at 799.45 after falling below the 800 level in just 5 trading days from the opening, is continuing to decline. While individuals have bought 138.7 billion won, foreigners and institutions are selling 110.6 billion won and 22.5 billion won respectively. In particular, institutions have switched to selling after just 9 trading days. Financial investment companies are buying 25.8 billion won, but securities firms, pension funds, and private equity funds are all in a selling position. With concerns over an economic slowdown deepening in the US market last night, leading to a decline in tech stocks, it is interpreted that the KOSDAQ market is also being affected.’,, ‘In a market where all sectors are falling, machinery and non-ferrous metals are down 5%. Chemicals, manufacturing, transportation equipment and parts, general electronic appliances, metals, precision medical equipment, and other manufacturing sectors are also experiencing a 2-3% decline.’,, ‘Among the top market capitalization stocks, Ecopro BM (247540) is up 2.49% at 189,700 won. On the other hand, most large-cap stocks are declining. Alteogen (196170) and Ecopro (086520) are down 5.02% and 0.12% respectively. HLB (028300) and Samchundang Pharmaceutical (000250) are also down 1.81% and 2.74%.’,, ‘Daemyung Sohnosign (007720) is trading at the upper limit. Following the announcement after the market closed the previous day, Daemyung Sohnosign announced that it would acquire 21,537,898 shares of T’way Air common stock. This is equivalent to a 10% stake in T’way Air. Previously, Daemyung Group had acquired 14.9% (32,091,467 shares) of T’way Air common stock held by W Value Up Co., Ltd., the operating company of hotels and resorts, for around 100 billion won. With this additional share acquisition, Daemyung Group now holds 24.9% of T’way Air, surpassing the largest shareholder Yerim-dang and related parties with a stake level of around 29.74% by about 5%.’,, ‘As the number of confirmed COVID-19 cases rises again, Sujentek (253840) is up by 24.15% and Sigen (096530) is also up by 8.92%.’,,
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