Kospi, ant profit realization 3150… Top-tier market cap stocks are strong at once

Input 2021.01.08 15:08 | Revision 2021.01.08 15:08

The KOSPI index continues to rise after reaching the 3150 line for the first time in history. It is believed that the news of the decision to elect US President Joe Biden last night stimulated investors’ risk preference sentiment. The possibility of blue wave is also working as a factor raising the index.

According to the Korea Exchange on the 8th, as of 3 p.m., the KOSPI index recorded 3144.60, up 112.92 points (3.73%) from the previous day. The index, which broke the 3100 line for the first time at around 11:20 am on that day, is showing strong strength, crossing the 3120 line once during the market.

On the 7th (local time), the three major indexes of the New York Stock Market closed at all-time highs. The Dow Jones 30 Industrial Average rose 211.73 points (0.69%) to 31041.13. The Standard & Poor’s (S&P) 500 index rose 55.65 points (1.48%) to 3803.79, while the NASDAQ index rose 326.69 points (2.56%) to 13067.48.

Earlier that same morning, the US Congress confirmed Biden’s presidential election. The U.S. Congress has completed the formal process of certifying Biden’s presidential election by holding a joint Senate-Household meeting at the Washington DC Capitol. Biden will begin his term of office with an inauguration ceremony on the 20th.

In the securities market, while individuals and institutional investors are making profits, foreigners are buying more than 1.26 trillion won. Individuals and institutions are selling net worth of KRW 1887 billion and KRW 1.14 trillion, respectively. All 10 of the top KOSPI market cap stocks are on the rise.

As the Democratic Party won the Georgia Senate runoff vote, it took control of both the White House and Congress, and the possibility of a blue wave increased. There was an expectation that a large-scale economic stimulus plan could be implemented in the short term. However, concerns have also been raised that in the mid- to long-term, tax increases and strengthened corporate regulations could adversely affect companies.

At the same time, the KOSDAQ index fell 4 points (0.40%) to 984.86. The index, which started rising to 990.70 on this day, turned downward at around 9:30 am, and is rising and falling from the second half of the 980 line.

In the KOSDAQ market, individuals are net buying 3145 billion won, while foreigners and institutions are net selling 52.9 billion won and 2176 billion won respectively. Stocks with the top KOSDAQ market capitalization have mixed movements.

Celltrion Healthcare (091990), While CJENM rises Seegene (096530), Alteogen (196170)Is falling.