‘Donghak ant movement’ appears in the stagnation of the aftermath of Corona 19… Average daily trading value of 12.2 trillion won, the highest ever
[팍스넷뉴스 배지원 기자] In 2020, the Korean stock market was literally a year when the fluctuations were so great that it was said that it was a’roller coaster’. Since March, when concerns over the global pandemic of Corona 19 began to rise, the stock market has been on a downtrend, and the circuit breaker was initiated for the first time since 2001.
The stock market, which fell from mid-February due to concerns about the global pandemic of Corona 19, plunged to 1457.64 on March 19. In particular, on March 13 and March 19, the KOSPI and KOSDAQ indexes fell more than 8% during the week. A circuit breaker was initiated that stopped trading in the stock market and stock-related futures and options markets for 20 minutes. It was 19 years after the September 11th terrorist attacks in the United States in 2001 that the Circuit Breaker was activated on the KOSPI.
However, with the focus on individual investors, KOSPI began to rise again. The KOSPI recorded 2201.88 on July 15, about four months after the year-round low, due to individual investors’ buying trend and global economic stimulus measures, exceeding the level at the end of the previous year.
Kospi’s rebound was in a hurry. In November, for the first time in history, the KOSPI exceeded the index of 2600, breaking new records several times. As of the closing date on December 30, the closing price of the KOSPI was 2873.47, and it was closed with the 2900 line in front. It is an all-time high. This is the result of breaking the record high in the index for four consecutive days until the closing date. The KOSPI rose 30.8% annually, recording the highest increase among the G20 countries.
At the forefront of this year’s stock market boom, individual investors, called ants, played a major role in market participation. Individual investors recorded the largest net purchase ever, playing a pivotal role in helping the stock market beat Corona 19 and hit an all-time high.
As of December 22, this year, the net purchase amount of individual investors in the stock market stood at 47.500 trillion won in KOSPI alone, nearly seven times the previous maximum of 7 trillion won in 2018.
As individual investors’ participation in the market increased, the average daily trading value of the KOSPI market this year reached about 12,200 billion won. The share of individual investors in stock trading also increased by about 11.4 percentage points from 64.8% last year to 76.2%.
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