KOSPI Closes at 8,123.62... KOSDAQ Surpasses 1,000 Mark
KOSPI closes above 8,000 for the first time in three sessions
KOSDAQ reclaims the 1,000 mark after five sessions
The KOSPI closed above the 8,000 mark, buoyed by a shift to net buying by foreign investors. The KOSDAQ also ended the session on an upward trend, finishing above the 1,000 level.
On June 12, the KOSPI index finished at 8,123.62, up 359.67 points (4.63%) from the previous trading day, surpassing 8,000 at the close for the first time in three sessions. Foreign investors and institutions recorded net purchases of 2,697,698,000,000 won and 3,103,427,000,000 won, respectively, while individual investors posted net sales of 5,596,528,000,000 won.
By sector, all categories closed higher except for telecommunications, which fell by 0.96%. Several sectors posted increases of more than 3%, including construction (+15.69%), machinery & equipment (+8.87%), medical & precision instruments (+6.01%), transportation & storage (+6.00%), finance (+4.93%), electrical & electronics (+4.84%), securities (+4.01%), metals (+3.71%), and non-metallics (+3.51%).
Among the top stocks by market capitalization, Samsung Electronics, the largest, closed at 322,500 won, up 23,500 won (+7.8%) from the previous session. SK hynix, ranked second, ended at 2,150,000 won, up 49,000 won (+2.3%).
With the exception of a few stocks—Samsung Electro-Mechanics (-5.0%), LG Innotek (-3.3%), LS ELECTRIC (-3.0%), and Samsung Fire & Marine Insurance (-1.3%)—most shares closed higher. Some stocks saw double-digit gains, including Doosan (+16.9%) and NAVER (+10.2%).
Kyungmin Lee, a researcher at Daishin Securities, commented, "The reversal of the prolonged selling trend by foreign investors is a factor that has improved investor sentiment." He added, "It's positive that the buying momentum has spread across most sectors, rather than being limited to leading stocks, thereby contributing to the strength of the index."
The KOSDAQ index closed at 1,029.05, up 32.12 points (3.22%) from the previous trading day, reclaiming the 'Chunsdaq' level at the close for the first time in five sessions. Foreign investors and individuals recorded net sales of 438,580,000,000 won and 264,155,000,000 won respectively, while institutions posted net purchases of 651,543,000,000 won.
By sector, all segments were strong except for pharmaceuticals (-1.56%) and general services (-1.14%). Sectors such as machinery & equipment (+8.33%), chemicals (+6.12%), distribution (+5.81%), non-metallics (+5.08%), and manufacturing (+4.14%) showed notable gains.
Among the top stocks by market capitalization, some posted remarkable growth: Wonik IPS (+30.0%), HPSP (+30.0%), EO Technics (+21.4%), and ISC (+20.7%). In contrast, Caregen (-8.7%), D&D Pharmatech (-7.3%), Voronoi (-6.5%), Classys (-6.1%), and Legochem Biosciences (-4.1%) ended lower. The top stock by market cap, Alteogen, fell by 2.8%, while the second and third, Ecopro BM (+3.4%) and Ecopro (+6.3%), both rose.
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Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,519.8 won as of 3:30 p.m., down 9.1 won from the previous session.
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