The KOSPI continued its upward trend for the third consecutive day, reaching its highest level in three years and nine months.
On July 9, the KOSPI closed at 3,133.74, up 18.79 points (0.6%) from the previous day. This marked the highest level in approximately three years and nine months since September 2021. During the session, the index climbed as high as 3,137.17. Trading volume for the day was provisionally tallied at 637.31 million shares, with a trading value of 12.4568 trillion won.
By investor type, institutions and foreigners were net sellers, offloading 57.9 billion won and 427.3 billion won respectively. In contrast, individual investors were net buyers, purchasing 430.7 billion won and helping to lift the index. In the futures market, institutions were net buyers of 332.1 billion won, while foreigners and individuals were net sellers of 311.4 billion won and 53.8 billion won, respectively. Program trading saw net selling of 6.1 billion won in arbitrage trades and 588.9 billion won in non-arbitrage trades.
By sector, more industries closed higher than lower. The securities sector rose 6.05%, paper and wood 3.82%, insurance 3.1%, medical precision 2.68%, textiles and apparel 2.43%, non-metallic minerals 2.28%, finance 1.97%, distribution 1.95%, transportation equipment 1.94%, general services 1.87%, food, beverage, and tobacco 1.86%, transportation and storage 1.83%, chemicals 1.39%, metals 0.87%, pharmaceuticals 0.84%, construction 0.7%, and real estate 0.57% all closed higher. On the other hand, the electricity and gas sector fell 1.9%, machinery and equipment dropped 1.26%, electrical and electronics declined 0.88%, and IT services decreased 0.37%.
Among the largest stocks by market capitalization, performance was mixed. Samsung Electronics and SK hynix fell by 1.63% and 0.35% respectively. LG Energy Solution dropped 0.65%, KB Financial Group 2.95%, Hyundai Motor 0.71%, Doosan Enerbility 3.3%, and NAVER 1.55%. Conversely, Samsung Biologics rose 0.49%, Hanwha Aerospace 4.29%, Kia 0.5%, Celltrion 0.34%, HD Hyundai Heavy Industries 1.41%, and Samsung C&T 2.46%.
On this day, 701 stocks rose, 199 fell, and 35 remained unchanged. One stock hit the upper price limit.
The KOSDAQ index also ended the session higher. The KOSDAQ closed at 790.36, up 6.12 points (0.78%) from the previous day. By investor type, institutions were net sellers of 68.5 billion won, while foreigners and individuals were net buyers of 51.6 billion won and 2.2 billion won, respectively.
Among the top KOSDAQ stocks by market capitalization, more stocks rose than fell. Alteogen increased 1.07%, EcoPro BM 0.5%, HLB 1.02%, PharmaResearch 1.02%, Rainbow Robotics 1.33%, Peptron 1.21%, Hugel 0.84%, LIG ChemBio 1.17%, and Samchundang Pharm 3.54%. In contrast, EcoPro fell 0.22%, Classys dropped 3.13%, LIG Nex1 1.19%, and Kolon TissueGene 2.73%.
Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate was trading at 1,375.1 won, up 2.0 won from the previous day.
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