[마켓뷰] Individual net purchase of KRW 2 trillion,’potential’… surpassed 3,000 during the market

Input 2021.01.06 16:33

On the 6th, the KOSPI index exceeded 3000 for the first time in the market thanks to individual investors. However, the market ended at the 2960 line because the agency began to dispose of stocks that had lost its dividend appeal, and foreigners expressed concern about the outcome of the Georgia election in the US.

In the securities market that day, the KOSPI index closed the market at 2968.21, down 0.75% (22.36 points) from the previous day. The KOSPI index started at 2997.16, up 0.22% (6.59 points) from the previous day. After that, it exceeded the 3000 line for the first time, recording 3002.26 in 40 seconds. However, from around 10 o’clock, the rise declined and it turned to weakness at 10:18. After repeating the fluctuations, it landed at the 2960 line.

In the securities market on that day, the buying trend of individuals who bought 2,239 trillion won stood out. On this day, the net purchase amount of individuals ranked third after last year’s November 30th (2.25 trillion won) and December 29th last year (2.1969 trillion won).

In addition, when Doosan Group Chairman Park Jeong-won and other owners’ families sold 277 billion won of Doosan Pure Cell’s common stock through a mass trading method (block deal), the individual’s selling amount on that day will be further reduced. Block deal transactions are finally reflected on the computer of the Korea Exchange until 6 pm.

Although the potential of individual investors was outstanding, the KOSPI index did not close above 3000 as foreigners and institutions poured out the volume. On this day, the institution sold 1,375.3 billion won, and foreigners sold 668.9 billion won.

Among institutional sales, there were a large number of financial investment companies that sold 4678 billion won. Lee Jin-woo, a researcher in charge of the market conditions of Meritz Securities, explained that “the amount of stocks from institutions that purchased stocks aiming at dividend profits at the end of the year will be released at the beginning of the year.

The results of the US Senate vote in Georgia also affected the sale. Currently, there is an estimated 95% chance of a Democratic candidate taking over both seats in the US Senate. In this case, the Democratic Party will occupy not only the presidential position, but also the majority of the Senate and House. It is highly likely that anti-business policies such as US President Joe Biden’s tax increase or regulation will gain momentum.

As major indices fluctuated due to concerns over the economy, foreigners and institutions’ selling sentiment on this day increased. As of 4 p.m., Standard & Poor’s (S&P) 500 futures are 0.32% of the battlefield, and the NASDAQ 100 futures index is 1.32%. The 10-year Treasury bond yield, which is the benchmark for the US Treasury market, has risen above 1.0% for the first time in nearly 10 months since March last year.

In the securities market on this day, most stocks with the highest market capitalization fell from the previous day. Samsung Electronics (005930)Is 2.03%, LG Chem (051910)Silver 0.34%, Samsung Biologics (207940)Fell 1.80%, Hyundai Motors 3.10%, and Kia Motors ## 2.35%. Researcher Jinwoo Lee explained, “Large stocks with fast selling transactions have mainly appeared in the market.”

In the KOSDAQ market, the KOSDAQ index also closed at 981.39, down 0.44% (4.37 points) from the previous day. Individuals net bought 387.8 billion won, but foreigners and institutions net sold 112.8 billion won and 2406 billion won, respectively.