On the 4th, the first trading day of the new year, the KOSPI closed at 2944.45, up 70.98 points (2.47%) from the previous trading day. This is the highest level of the first trading day increase in the last 10 years. The KOSDAQ closed at 977.6. [연합뉴스]
– KOSPI, which started trading for the first time in the new year, has easily crossed the 2900 line. Expectations for overflowing liquidity and performance led the index to double, continuing a new record streak of breaking highs.
1 trillion won net purchase of ants, foreigners added
Samsung Electronics’ market cap exceeds 500 trillion won
The gap between the stock market and the real economy is huge
Even if I shoot 3000, it is difficult to settle down.
– The KOSPI closed at 2944.45, up 2.47% from the trading day four days ago. After breaking through the 2800 line on December 24 last year, it stepped on the 2900 mark in 5 trading days. The conquest of the 3000 line is also counted. On this day, the market cap of KOSPI (2036 trillion 481 billion won) also exceeded 2000 trillion won for the first time in history. It has been 13 years and 3 months since the first market capitalization exceeded 1,000 trillion won on October 2, 2007 (1007 trillion 2580 billion won).
Among the top stocks by market capitalization, Samsung Electronics (2.47%), SK Hynix (6.33%), LG Chem (7.89%), and Samsung SDI (6.85%) recorded reported prices with a sharp rise. Hyundai Motors (8.07%) and Hyundai Mobis (12.33%) also surged. By industry, non-metallic minerals (6.19%), chemicals (4.56%), electricity and electronics (3.31%), transportation equipment (6.87%), and transportation warehouses (4.28%) rose significantly.
Samsung Electronics, which is the’bigger’, finished a deal at 83,000 won, a 2.47% increase from the previous trading day, and hit a record high again. On this day, the market cap also exceeded 503 trillion won, rising 4.20% to 84,400 won. This is the first time this company’s market cap has exceeded 500 trillion won.
It is the individual who led the advance of KOSPI. Individual investors (net purchases of 1.28 trillion won) received all of the volume (net selling of 1.185 trillion won) that the institution poured out and supported the index. The so-called’Donghak Ant’, which bought 60 trillion won worth of stock last year in the domestic stock market, which was like a ping pong game between foreigners and institutions, became a new game changer.
Samsung Securities’ investment information team leader Jung Myung-ji said, “Donghak ants, who are aggressively investing with their intuition and ferocity, are investing like smart money by buying stocks with top market capitalization, leading domestic industries and leading companies.”
Thanks to strong individual investors, the spring strength of the domestic stock market is strengthened, mitigating the impact of the downturn, and acting as a lever for a large jump if additional drivers such as foreign buying are introduced.
A record high in December exports positively affected
What should be noted is the movement of foreigners. On this day, foreigners recorded a net purchase of 84.2 billion won. Although the amount is not large, the stocks held by foreigners are considered a sign of a recovery in corporate performance. On this day, foreigners bought a service industry (108.9 billion won), including chemicals (2868 billion won), transportation equipment (152.1 billion won), and the Internet.
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In front of the KOSPI 3000 eyes. Graphic = Reporter Kim Kyung-jin [email protected]
– Lee Kyung-min, head of the investment strategy team at Daishin Securities, said, “Foreigners are buying in the order of business with improved performance and better business conditions.” Explained.
There is evidence for earnings expectations. Exports last month ($51.01 billion) reached a record high in December exports. Team leader Jung Myung-ji emphasized, “It has been confirmed that the profits of representative industries such as semiconductors, automobiles, and chemicals have reached record highs, and export data has clearly returned to recovery.”
Even in the face of the US-China conflict, which is rising again, it is also emerging that Korean companies can benefit from reflection. Park So-yeon, director of investment strategy at Korea Investment & Securities, pointed out, “The role of Korean companies in the EV-related supply chain will be more emphasized as the US is reluctant to do so.”
Expected profits from Korean companies amid US-China conflict
The liquidity already overflowing the market is not expected to dry out easily. If the US Federal Reserve (Fed) plans to maintain zero interest rates until 2023, and the US real interest rate remains at negative, if the dollar continues to weaken, money will inevitably flow into the domestic stock market and other assets. This is the reason why the’Everything Rally’ (FT) is taking place, where various asset prices, including real estate, minerals and bitcoin, are shaken.
It is only a matter of time before the conquest of Hill 3000 with the rise of the Kospi, which has received a good momentum. The key is how much and how long can this trend continue? Jeong Yong-taek, head of IBK Investment & Securities Research Division, said, “The current stock market flow is too much to see with fundamentals alone.” This is because the gap between the stock market and the real economy is significant. Jung said, “The stock price will be adjusted in March-April when the company’s last year’s financial statements are completed and report cards are accepted.”
Manager Park So-yeon also said, “As the gap with the real economy is significant, we need to approach investment while thinking about what trigger points will shake the market.” “In short, the results of the Georgia Senate election on the 5th It could have an impact.”
On this day, the KOSDAQ ended at 977.62, up 9.20 (0.95%). Among the top stocks by market capitalization, Ecopro BM (10.05%) rose sharply, while Celltrion Healthcare (-7.18%), Celltrion Pharmaceutical (-8.51%), and Seegene (-4.77%) plunged. The combined transaction value of the KOSPI and KOSDAQ market was 41,365.7 billion won, a record high, surpassing the 28th of last month (41 trillion 99.3 billion won).
On this day, the value of the won against the dollar in the Seoul foreign exchange market ended at 1082.1 won per dollar, up 4.2 won from the previous trading day.
Reporters Ha Hyun-ok and Yoon Sang-eon [email protected]
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