[코스피 52P 급등…2,873 마감]
1.88% higher on the KOSPI closing day
Highest growth rate since 2003
9 out of the top 10 market caps rise at once
Stock Price “Next year’s stock market is also bullish”
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The domestic stock market ended the year with a brilliant celebration until the last day of trading. Even on the closing day, the KOSPI index again set a record high, showing the largest increase in 17 years from the last trading day. In particular, the best sport of’Donghak ants’ is called’nationalism’ Samsung Electronics (005930)Led the bull market by breaking through the wall of the closing price of 80,000 won for the first time in history. Stock markets estimate that the opening of the’KOSPI 3,000 Era’ is gradually getting closer to reality.
According to the Korea Exchange, the KOSPI index on the 30th, the closing day of the domestic stock market this year, ended at 2,873.47, up 52.96 points (1.88%) from the previous trading day. KOSPI recently set a new record for the fourth consecutive trading day. In particular, when looking only at the last trading day of the year, the increase rate expressed on this day is the highest level in 17 years since 2003 (2.31%). Accordingly, the KOSPI index has risen 30.8% this year, putting it at the top of the list in terms of stock price returns among the G20 countries. The market capitalization of the KOSPI also increased 34.2% from 1,476 trillion won last year to 1,981 trillion won.
On this day, the number of foreigners and institutions jointly raised the index significantly. Experts believe that the’weak dollar-strong won’ positively affected the supply and demand of foreigners, and the strong Chinese stock market also supported the rise of the Korean market. Lee Kyung-min, a researcher at Daishin Securities, said, “The strong won in the foreign exchange market has created a favorable environment for the supply and demand of foreigners.” Noh-gil, a researcher at NH Investment & Securities, said, “The dollar weakened due to anticipation of additional stimulus measures from the United States, and the preference for non-dollarized assets gave rise to the strength,” he said.
The strength of large-cap stocks is said to have contributed significantly to the index rise. On this day, all 9 stocks excluding Celltrion (-0.42%) out of the top 10 stocks in the KOSPI market capitalization ended with an increase.
In particular, among them, there is an evaluation that the strength of Samsung Electronics, the ‘daejangju’, stood out. On this day, Samsung Electronics finished the transaction at 81,000 won, up 3.45% from the previous trading day. Samsung Electronics has crossed the 80,000 won line for the first time on the 28th of this month. However, this is the first time that the closing price has exceeded 80,000 won. The fact that Samsung Electronics’ stock price is 80,000 won means that it exceeded 4 million won per share if calculated before the split. There are many analyzes that the stock price reflects the expectation that earnings will improve next year thanks to the improvement in the memory semiconductor industry, the company’s flagship business. In addition, many analysts believe that it is possible to reach 90,000 won next year, considering the related industry conditions.
The market, which poured out several records until the end of the year, is analyzed to show expectations for the domestic stock market next year. In fact, the KOSPI surged 2.31% on the last trading day in 2003 and then continued to gain 1.3% on the first trading day in 2004.
Even at the Yeouido Securities Market, there is an increasing mood of analysis that’KOSPI 3,000′ is not a vague dream number anymore. Accordingly, major securities firms revised their initial forecast for next year and suggested the target of the KOSPI at 3,000. Dae-Joon Kim, a researcher at Korea Investment & Securities, said, “As stock prices surged in the fourth quarter of this year, there is a bubble controversy throughout the market. The top of the expected range is 3,100 and the bottom of the range is adjusted to 2,620. Kyobo Securities Research Center Director Kim Hyung-ryul said, “As just after the financial crisis, the KOSPI surpassed the original expected band (2,800). Assuming that, next year, the KOSPI will be able to open an era of 3,000 points.”
/ Reporter Lee Wan [email protected]
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