(Photo = Getty Image Bank)
The KOSPI index broke an all-time high based on the closing price for three consecutive trading days. The rise was driven by individuals sweeping the volume of foreigners and institutions thrown.
On the 29th, the KOSPI index closed at 2820.51, up 11.91 points (0.42%) from the previous day. On this day, the index rose 1.95 points (0.07%) compared to the previous trading day, starting at 2810.55 and continuing fluctuations, increasing the rise in the second half of the market.
It exceeded 2808.60 points, the record high of the previous day based on the closing price, in one day, breaking the high for three consecutive trading days.
On this day, the KOSPI gained an upward momentum from the heat blow from the New York Stock Market last night. When U.S. President Donald Trump signed a new coronavirus infection (Corona 19) stimulus package and the federal government budget for next year, the three indexes broke record highs in both intraday and closing prices.
Seo Sang-young, a researcher at Kiwoom Securities, said, “In response to concerns about the outbreak of COVID-19 from the UK and dividend declines, institutional sales have pushed down the index.
At the beginning of the market, KOSPI lowered its bottom until 2792.06 after a decline in the dividend reduction issue and a large number of institutional sales were withdrawn. Usually, the KOSPI shows a bearish trend on the ex-dividend date. This is because investors tend to buy until the last trading day to receive dividends, and then sell when the dividend falls.
After that, as foreigners’ arm positions increased, the KOSPI continued to fluctuate, but rose as individuals received all the sales.
In the securities market, individuals net bought 2.1984 trillion won. It is a scale that is close to 2,225.2 trillion won on the 30th of last month, the highest record ever in personal net buying so far. On the other hand, foreigners and institutions were superior in selling 3191 billion won and 1,972.8 billion won respectively.
Celltrion among top stocks by market capitalization(360,500 +10.08%)Closed higher than 10%. The news of Celltrion’s application for product approval for Corona 19 treatment positively affected the stock price.
Samsung SDI(601,000 +7.51%)Wakakao(384,500 +3.08%)It also rose more than 3%. On the other hand, Samsung Electronics(78,300 -0.51%), LG Chem(813,000 -0.12%)The market ended with a slight decline.
The KOSDAQ index ended at 957.41, up 30.41 points (3.28%) from the battlefield.
In the KOSDAQ market, individuals and foreigners net bought 261.2 billion won and 80.7 billion won, respectively. The institution made a net purchase of 2897 billion won.
Seegene among the top stocks in market cap(199,300 +12.73%)And Alteogen(177,200 +16.58%)These ended up 12.73% and 16.58% respectively. Celltrion Healthcare(167,900 +6.67%)Closed up 6%, but Celltrion Pharmaceutical(250,100 -0.87%)Showed a slight decline.
In the Seoul foreign exchange market, the won-dollar exchange rate ended at 1092.1 won, down 4.6 won from the previous day.
[email protected] Reporter Eunji Cha, Hankyung.com