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“The uptrend will continue for the moment
Net purchase by individual investors of 1.28.6 billion won
The won-dollar exchange rate fell 4.2 won
On the first trading day of the new year, the KOSPI index broke the 2900 line and ended at an all-time high. This is due to the fact that the ants (individual investors) bought a large number of shares while there were no materials available to damage the bull market.
On day 4, the KOSPI index closed at 2,944.45, 70.98 points (2.47%) more than the previous day. During the week, it rose to 2,946.54, breaking a record high.
In macroeconomic terms, investor sentiment has strengthened, with no changes to undermine the bull market atmosphere. The fact that exports were strong was a factor for the stock market. Exports to Korea in December last year hit a record. Total exports amounted to 5.41 billion dollars and imports to 44.46 billion dollars, 12.6% and 1.8% more than in the same period last year.
Total exports were the highest in December, and it is only 26 months since October 2018 that total exports increased by double digits. Exports exceeded $ 50 billion only 15 times in the past, but not once in 2019, and 25 months since November 2018, the latest case.
Lee Jae-sun, a researcher at Hana Financial Investment, said: “In addition to the ‘January effect’ in which investors establish positions, there are no problems that can slow the uptrend of the stock market in terms of macros.” It is very likely to continue. “
It is also positive that the dollar is still weak. The dollar index, which represents the value of the dollar against the currencies of six major countries, was 89.89, 0.25 points (0.28%) higher than the previous day. However, it is still below 90 and the weakness of the dollar continues.
As the dollar weakens, the won-dollar exchange rate also increases (the value of the won is strong). On this day, the won-dollar exchange rate on the Seoul foreign exchange market closed at 1,082.1 won, 4.2 won less than the previous day.
The potential of the ants was confirmed from the first day of the new year. Individuals bought 1.286 billion won and foreigners bought 89.1 billion won. On the other hand, the institution sold 1,185 billion won. The program trading showed an advantage by selling a total of 586 billion won, with an arbitrage transaction price of 59 billion won and a non-arbitrage transaction price of 52 billion won.
Samsung Electronics, leader of the national stock market and representative semiconductor(83,000 + 2.47%)Closed hike. Samsung Electronics closed the transaction at 83,000 won, 2,000 won (2.47%) more than the previous day. According to the Kiwoom Securities report released today, the semiconductor industry is expected to rebound in earnest, as DRAM prices rise.
Hyundai motor company(207,500 + 8.07%)Also closed to climb. Hyundai Motor Company closed the deal at 207,500 won, 15,500 won (8.07%) more than the previous day. Hyundai Wia, an affiliate(69,500 ↑ 29.91%)It’s 29%, Hyundai Mobis(287,000 + 12.33%)It rose to the 12% level. The national launch of Hyundai Motor ‘Ioniq 5’ electric car is expected to be faster than expected. Initially, Ioniq 5 was expected to launch in April, but the possibility of being launched next month according to specific specifications and future schedules that were launched recently when some countries like Austria started pre-booking.
As expectations for electric vehicles rose, stocks related to secondary batteries also showed strength. Innovation SK(231,000 + 21.58%)He ended the deal at 231,000 won, 41,000 won (21.58%) more than the day before. LG Chem(889,000 + 7.89%) Samsung SDI(671,000 + 6.85%)It was also up 7.89% and 6.85%, respectively.
The KOSDAQ index also rose slightly. The KOSDAQ ended at 977.62, an increase of 9.20 points (0.95%) compared to the previous day. Individuals net purchased 3.774 billion won, and foreign institutions sold 79.4 billion won and 269.2 billion won, respectively.
Lee Song-ryul, Reporter for Hankyung.com [email protected]
