Shinhan Financial Group Stock Soars 1.41% on NPS Stake Increase

Shinhan Financial Group's stock price surged 1.41% today, marking its second consecutive day of gains and a total increase of 3.21% over the past two days. The share price reached its highest level since February 2025, with an intraday gain of 1.47%.

One of the key factors influencing Shinhan Financial Group's stock price is the change in its shareholding structure. The National Pension Service (NPS), the company's largest shareholder, increased its stake from 8.60% to 8.64% as of March 31, 2025. This increase in ownership by a major institutional investor can significantly impact market sentiment and drive the stock price higher, as it signals confidence in the company's future prospects.

Additionally, broader market conditions have played a role in the stock's performance. The Korea Composite Index recently experienced a decline of 0.4%, with financial stocks contributing to the overall market downturn. Despite this broader market weakness, Shinhan Financial Group has managed to buck the trend, demonstrating resilience and attracting investor interest.