It opened again in the KOSDAQ 1000 era… 21 years after 2000 IT bubble

Input 2021.01.26 09:04 | Revision 2021.01.26 09:19

On the 26th, the KOSDAQ index exceeded 1,000 points during the market. The KOSDAQ index exceeded 1,000 during the market in 21 years after 2000 (year-round high price 2799.70) when the stock price of information and communication (IT) companies rose sharply. At that time, the KOSDAQ index rose to the level of near 3000 due to the surge in stock prices of IT companies, but the bubble burst and the KOSDAQ index plunged to the 300 level until 2003.

On this day, the KOSDAQ index opened the market at 1000.00, up 0.70 points (0.07%) from the previous trading day. On the 25th, the previous day, it rose to 999.64 and 999.30 ended.

In the KOSDAQ market, individual investors are net buying 32.7 billion won, while foreigners and institutions are net selling 16.5 billion won and 15.1 billion won respectively.

The KOSDAQ index failed to recover after the IT bubble collapsed, but in 2018 it broke through the 900 line (932.01), and in 2019 the index fell back to the 770 line. Last year, it rose to the 970 line (the market price was 971.04) thanks to the buying trend of individual investors called the Donghak Ant Movement.

Park Heechan Mirae Asset Daewoo (006800)Global Asset Allocation Team Leader said, “The stock price of small and medium-cap stocks in KOSDAQ has moved a little slowly because the market has moved around large stocks in the securities market. “The index has risen.”

Manager Park explained, “Investors are in a situation where they have a very high preference for investing in stocks, so we expect the KOSDAQ index to move well in the future.”