[마켓뷰] KOSPI, record since the first trading day … “There is additional upside potential”

Check-in 2021.01.04 16:24

The stock market on the first trading day in 2021 was led by individual investors named Donghak Ant. The KOSPI index rose to the 2940 line for the first time in history, thanks to individual net purchases of 1 trillion KRW.

According to the Korean Stock Exchange on the 4th, the KOSPI index closed at 2,944.45, an increase of 70.98 points (2.47%) compared to the previous trading day. The index, which started rising at 2,887.32 that day, broke above the 2,940 line in the afternoon and spiked to 2,945.68 just before the close.

On this day, as institutional investors’ profit-taking volume spilled out, individuals continued to buy net to fend off the index decline. In the stock market, individuals and foreigners net bought 1,312 trillion won and 84.7 billion won, respectively, and institutions net sold 1,188.3 billion won.

Officials in the financial investment industry are assessing that the national stock market still has upside potential. While there are not enough factors to suppress the bull market, it is analyzed that the upcoming Q4 earnings announcement and expectations for Joe Biden’s management may serve as factors to move the index up.

Lee Eun-taek, a researcher at KB Securities, said: “The Q4 earnings estimate has been raised, but it is not yet aggressive enough.” After Biden takes office, he will also respond to the new coronavirus infection (Corona 19) and promote climate change policies through the ‘100-day strategy’. It seems to be a good thing for the stock market, ”he explained.

Among the top 10 stocks by market capitalization in the stock market Celltrion (068270)Except for, all stocks were up. With the prospect of the electric vehicle market growing this year, Hyundai Motor (005380)Even LG Chem (051910), Samsung SDI (006400)And the companies related to rechargeable batteries were notable.

There is also the possibility that the abundant liquidity will remain for the time being. As low interest rates continue and money moves into risky assets like stocks, abundant stock market funds can be a supporting factor when the market falls.

The KOSDAQ index rose 9.20 points (0.95%) to 977.62, closing the deal. The KOSDAQ index began to recover from the mixed trend in the afternoon. In the KOSDAQ market, individuals net purchased 3.774 billion won, and institutions and foreigners net sold 73.9 billion won and 269.1 billion won, respectively.

The main shares of KOSDAQ’s market capitalization were mixed. Ecopro BM rose more than 10%, Celltrion Pharmaceutical (068760), Celltrion Healthcare (091990)It fell 8.51% and 7.18%, respectively. Altegen (196170), Seegene (096530)It also fell more than 4%.