‘Santa Rally’ breaks through KOSPI 2,800

On the 24th, for the first time in history, the KOSPI reached a record high of the 2,800 line.

On this day, KOSPI finished trading at 2,806.86, up 47.04 points (1.70%) from the previous day, breaking the previous high (2,778.68) based on the closing price in three days. The intraday high was 2,812.16.

On this day, the stock market showed that Samsung Electronics, the boss of the Kospi, surged 5.28%, raising the index.

The progress of negotiations between the UK and the European Union (EU) Brexit (UK’s withdrawal from the EU) and the possibility of expanding US economic stimulus measures in response to Corona 19 have had an impact.

In the securities market, institutions and foreigners net bought 627.8 billion won and 116.1 billion won, respectively. Individuals net sold 747.4 billion won.

Among the top stocks by market cap, SK Hynix (1.72%), Samsung SDI (1.62%), LG Chem (1.49%), Samsung C&T (1.46%), and Hyundai Motors (1.08%) showed strong strength.

On the other hand, Celltrion (-2.11%), Kakao (-0.93%), Naver (-0.70%), and Samsung Biologics (-0.25%) declined.

The KOSDAQ rebounded after three days, closing at 928.68, up 5.51 points (0.60%) from the previous day.

The index opened at 924.34, up 1.17 points (0.13%) from the previous length, and continued its upward trend.

In the KOSDAQ market, foreigners net bought 33.4 billion won at the close of the market. This is the largest net purchase since June 16 (430.6 billion won) and the record for the second largest net purchase ever.

The institution also bought a net purchase of 32.6 billion won. Individuals net sold 5745 billion won.

On this day, the won-dollar exchange rate in the Seoul foreign exchange market ended at 1,103.0 won, down 4.9 won per dollar from the previous day.

Kim Ju Ogija [email protected]

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