[굿모닝 증시]The era of’KOSPI 3000′ will open for the first time in history… 6-day stock market tactile sense

[아시아경제 오주연 기자] The possibility of KOSPI entering the 3000 era for the first time has increased. This is because, with securities companies each offering the top of this year’s stock market above the 3000 line, the KOSPI closed at 2990.57 on the 5th, leaving only 10 points to the 3000 line. Even if the US stock market plunged around 1% in the new year, the domestic stock market continued to rise steadily. Investors looking at the domestic stock market on the 6th are growing in the mood of the US stock market that ended the day before.

Kospi reached the chin below the 3000 line. On the 5th, KOSPI closed the deal at 2990.57, up 46.12 points (1.57%) from the previous day. It has risen for 7 consecutive trading days, and is breaking down with a record high for 6 consecutive trading days. The photo shows KB Kookmin Bank’s dealing room in Yeongdeungpo-gu, Seoul. / Reporter Kim Hyun-min kimhyun81@

◆Sang-young Seo, Researcher at Kiwoom Securities = On the previous day, the Korean stock market is focused on supply and demand, as individual investors’ active preference for semiconductors has spread. In the midst of this, the Philadelphia Semiconductor Index is expected to rise 1.94% to exceed the 3000 line at the beginning of the market due to an upward revision of the target price for Micron in the US stock market.

Meanwhile, the Georgia elections are counted during the intraday, and if the Democratic Party wins, as the mayor expects, it is expected that the rise will expand around value stocks. It is also favorable that the weak dollar and rising international oil prices are expected to have a positive effect on the supply and demand for foreigners who recently sold their products.

However, concerns over high valuations may still persist, so rather than widening the increase, it is expected that the sales process will begin after exceeding 3,000 points. In particular, issues arising from the U.S. stock market, namely the semiconductor industry due to a sharp increase in the Micron target price, the energy and finance sectors due to a surge in international oil prices and government bond interest rates, related companies due to the improvement of the U.S. manufacturing industry indicators, and the US auto sales trend in December. Accordingly, the stock market is expected to unfold, centering on the automotive industry, the Bitcoin $146,000 forecast announced by JPMorgan and related themes following the downward revision of the PV industry investment rating.

◆Seo Jeong-hoon, researcher at Samsung Securities = 5th (local time) New York stock market rebounded successfully after defeating the decline of the first day of the new year. The key economic indicators were strong. Georgia’s Senate elections began, but investors showed a calming stance. On this day, the S&P 500 rose 0.71% compared to the previous day, the Dow Jones 30 industry average rose 0.55%, and the Nasdaq index, which had a high proportion of technology stocks, rose 0.95%.

The Philadelphia Semiconductor Index rose 1.94%, recording a relatively high rise. All of the companies affiliated with the index rose on that day except for one stock. Among them, Micron Technology (4.3%) and Ram Research (3.5%) showed remarkable increases.

Large technology stocks with the top market cap also rose. Apple and Amazon, Facebook and Alphabet showed an increase of around 1%, while Microsoft showed strong strength. Major banking stocks also showed strength, with Goldman Sachs and Citigroup rising in the 2% range.

On this day, WTI international oil prices rose 4.9% in one day, closing at $49.9. As a result of the impact, energy-related stocks in the US stock market also rose.

The economic indicators released on that day were also positive. The ISM Purchasing Managers Index, which represents the sentiment of the US manufacturing industry, recorded 60.7, up 3.2 points from the previous month. It significantly exceeded the market estimate of 56.8, and is the highest since August 2018. Despite the severe storm after the novel coronavirus infection (Corona 19), the recovery in the manufacturing industry seems to remain solid.

By industry, the energy sector rose 4.5%, recording the highest growth rate. Next, materials, industrial goods, and consumer economy goods showed relative strength.

The domestic stock market has only about 10 points left over 3000 lines. It is true that the company showed a rapid rise in the short term, but given abundant liquidity conditions, the recovery of the global manufacturing industry, and stable earnings outlook for domestic companies, it is clearly convincing.

Reporter Oh Joo-yeon [email protected]