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Securities Team = On the 24th, Christmas Eve, KOSPI broke the 2,800 line for the first time in history, and the end of the year ‘Santa Rally’ became a reality.
On this day, KOSPI ended up trading at 2,806.86, 47.04 points (1.70%) more than the previous trading day.
It changed the previous high (2,778.68) based on the closing price in three days, writing a new story.
After the first closing price hit 2,700 on Day 4, it rose to the 2,800 high mark in about three weeks.
‘Santa’ on the stock market on this day was an institution and a foreigner.
In the stock market, net purchases of KRW 6269 billion and KRW 116.1 billion, respectively, led the index rise.
In the KOSDAQ market, institutions and foreigners net purchased 32.9 billion won and 33.1 billion won, respectively.
Thanks to this, the KOSDAQ also closed the market at 928.68, 5.51 points (0.60%) more than the previous day.
Additionally, Samsung Electronics, a large intestine of the KOSPI, led the overall rise in the index.
On this day, Samsung Electronics closed a report that was up 5.28% from the previous day to 77,000 won.
As expectations for improvement in the semiconductor industry coincided with expectations for dividends, Samsung Electronics’ share price soared due to the inflow of purchases from institutions and foreigners, which raised the KOSPI index.
On this day, the institution and foreigners bought Samsung Electronics for KRW 288.5 billion and KRW 14.6 billion, respectively.
Samsung Securities investment information team leader Chung Myeong-ji said the KOSPI increase was “the effect of Samsung Electronics.” He explained.
Shinhan financial investment researcher Choi Yoo-jun also said, “Samsung Electronics contributed more than 1 percentage point to the index increase.”
The Kospi, which has continued to climb to the 2,770 line, has recently seen a slight slowdown in its bullish momentum, raising its head on whether it is difficult to expect a ‘Santa Rally’.
Fatigue from the increase in the cumulative index and the spread of the new coronavirus (Corona 19) at home and abroad was rarely broken, which raised concern.
In particular, the spread of the virus strain from the UK appeared as a powerful variable that held back investor sentiment.
In addition, good news such as vaccines and stimulus measures from the United States has already been published, and the won / dollar exchange rate, which was a material that motivated the purchases of foreigners, has recovered since the end of 9.
For this reason, some predict that overheating adjustments will be inevitable for the time being.
However, as the KOSPI broke the 2,800 line at a time, market expectations for the domestic stock market late this year and early next year are reviving.
Lee Jae-sun, a researcher at Hana Financial Investment, said: “Some adjustments may arise due to declining year-end dividends.” .
/ yunhap news
