KOSPI Rises on Foreign and Institutional Buying
KOSDAQ Also Ends Higher
The KOSPI index closed higher on the 1st, supported by buying from both foreign investors and institutions.
On this day, the KOSPI finished trading at 3,089.65, up 17.95 points (0.58%) from the previous day. The index opened at 3,089.64, up 17.94 points (0.58%), and soared to as high as 3,130 points during the session. This marks the first time the KOSPI has surpassed the 3,130 level during trading hours in approximately three years and nine months, since September 28, 2021. Foreign investors and institutions recorded net purchases of 178.5 billion won and 474.5 billion won, respectively. Individual investors sold a net 633 billion won.
Kim Ji-won, a researcher at KB Securities, stated, "After the KOSPI broke through the 3,100 level again, momentum slowed late in the session due to increased pressure," adding, "While there is some burden following the strong rally, it is positive that policy momentum and favorable supply-demand conditions are being maintained."
On the 1st, shortly after the opening, the KOSPI index recovered the 3100 level for the first time in four trading days. Dealers are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. 2025.7.1. Photo by Kang Jinhyung
Among large-cap stocks, Hyundai Motor (up 3.19%), Hana Financial Group (up 3.01%), Samsung C&T (up 2.48%), Samsung Life Insurance (up 2.04%), Kia (up 1.86%), and Shinhan Financial Group (up 1.30%) rose. In contrast, Doosan Enerbility (down 8.63%), SK Hynix (down 2.23%), HD Hyundai Heavy Industries (down 1.87%), and Hanwha Aerospace (down 1.06%) declined.
Kang Jin-hyuk, a researcher at Shinhan Investment & Securities, commented, "June exports announced before the market opened increased by 4.3% year-on-year. In particular, automobiles grew by 2.3%, marking the highest June performance ever, which brought a sense of relief to the stock market." He further explained, "Financial stocks were strong due to the opposition party's reversal of its stance on the Commercial Act amendment bill the previous day, and holding companies such as SK (up 9.5%), Hanwha (up 15.4%), and LS (up 7.1%) also performed strongly."
By sector, chemicals (up 3.16%), retail (up 2.37%), transportation and storage (up 2.08%), textiles and apparel (up 2.06%), telecommunications (up 1.86%), insurance (up 1.81%), paper and wood (up 1.76%), finance (up 1.60%), and securities (up 1.36%) all posted gains. Within the chemicals sector, 99 stocks rose; in retail, 51 stocks advanced; and in finance, 116 stocks recorded gains, reflecting a solid trend. On the other hand, machinery and equipment (down 5.40%), electricity and gas (down 2.57%), and construction (down 0.28%) sectors declined.
At the same time, the KOSDAQ index also closed higher, ending at 783.67, up 2.17 points (0.28%) from the previous session. The index opened at 783.65, up 2.15 points (0.28%). Foreign investors and individuals recorded net sales of 30.8 billion won and 31.5 billion won, respectively, while institutions alone purchased a net 55 billion won.
Among large-cap KOSDAQ stocks, Peptron (up 3.56%), SM Entertainment (up 2.06%), HLB (up 2.04%), and Ecopro BM (up 1.39%) rose. In contrast, Hugel (down 6.19%), PharmaResearch (down 3.34%), Samchundang Pharm (down 1.97%), and Classys (down 1.28%) declined.
Researcher Kim stated, "To achieve further gains, confirmation of earnings growth is essential," adding, "Rapid sector rotation at the current index level is enabling absorption of supply. Selecting and focusing on stocks that combine growth momentum and strong earnings remains effective."
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