KOSPI Recovers to 2800 Level After 7 Trading Days

Institutional Net Buying Leads to Closing Gain
Samsung Electronics Ends Slightly Higher at 81,800 Won

On the 1st, the KOSPI repeatedly experienced slight fluctuations after the market opened. The KOSDAQ started with a slight increase, and the USD-KRW exchange rate began to rise. Starting in July, the foreign exchange market will be open until 2 a.m. Employees are working in the dealing room at the Seoul Hana Bank headquarters. Photo by Younghan Heo younghan@

On the 1st, both the KOSPI and KOSDAQ closed higher. The KOSPI struggled around the 2790 level in the early session due to net selling by foreigners, but rebounded in the afternoon as institutional net buying increased, recovering the 2800 level.

On the day, the KOSPI closed at 2804.31, up 0.23% (6.49 points) from the previous trading day. It opened at 2792.96, down 0.17% (4.86 points) from the previous close.

Institutions alone net bought 53.9 billion KRW, lifting the index. Individuals and foreigners net sold 5.6 billion KRW and 63.8 billion KRW, respectively. In the futures market, only foreigners bought 187.8 billion KRW, while individuals and institutions sold 28.8 billion KRW and 136.4 billion KRW, respectively.

Among the top 10 market capitalization stocks, the session ended mixed. LG Energy Solution rose 6.28%, Celltrion 5.62%, and Samsung Biologics 4.40%, showing notable gains. Samsung Electronics, the largest by market cap, closed slightly up (+0.37%). On the other hand, Hyundai Motor fell 3.05%, NAVER 2.40%, Kia 0.54%, and SK Hynix 0.42%.

The KOSDAQ closed at 847.15, up 0.80% (6.71 points) from the previous day. It started at 840.59, up 0.02% (0.15 points), and extended gains. Foreigners and institutions net bought 13.7 billion KRW and 114.2 billion KRW, respectively, pushing the index higher. Meanwhile, individuals net sold 111 billion KRW.

Among the top 10 market capitalization stocks on KOSDAQ, most ended higher. Enchem rose 7.33%, HLB 7.01%, Celltrion Pharm 4.95%, Samchundang Pharm 4.86%, EcoPro BM 3.01%, Classys 2.36%, and EcoPro 2.33% showed noticeable gains.

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate closed down 2.00 KRW at 1380.00 KRW.