Stock market that recorded the highest increase rate in 12 years… Also expected in January

Input 2021.01.04 16:53

Increased by more than 2% on the first trading day
The stock market is expected to continue rising in January

On the first trading day in 2021, the KOSPI index rose more than 70 points and soared by 2.5%. As of the first trading day of the new year, the rate of increase is the highest since 2009 (the first trading day on January 2nd, the rate of increase of 2.93%) during the economic recovery period after the global financial crisis.

In the last 10 years (2011-2020), there were five cases in which the KOSPI index increased on the first trading day of the year. Three of the years when the KOSPI index closed on the first trading day, the index rose until the last trading day in January.

According to the Korea Exchange on the 4th, the KOSPI index in the securities market on the 4th ended at 2944.45, up 70.98 points (2.47%) from the previous trading day. This is the highest level of the first trading day increase in the last 10 years. The day that the KOSPI rose even higher on the first trading day was on January 2, 2009 (2.93%).

Kim Hyung-ryul Kyobo Securities (030610)The head of the Research Center analyzed that the bull market continued since last year, saying, “There is no reason for a clear correction (the index decline) (although the bull market continues).”

With the KOSPI soaring by more than 2% on the first trading day in 2021, there are many prospects that the financial investment industry is likely to continue the bull market in January. On the first trading day of the last 10 years, the number of cases where the KOSPI index closed higher than the previous trading day was number 5 (2011, 2012, 2013, 2015, 2018). Three of them (2012, 2015, 2018) closed the KOSPI index higher than the first trading day on the last trading day in January.

Looking at the trend of the January KOSPI index by year, it started on January 2, 2012 at 1826.37, up 0.03% from the previous trading day, but on January 31, the last trading day of this month, the KOSPI index reached 1955.79, 129.42 points (P) (7.08%) for one month. ) Rose. In addition, in 2015 (January 2), when trading began with an increase of 0.57% from the previous trading day, the 29.35P (1.5%) index rose for one month. In 2018, a 0.49% increase from the previous trading day on the first trading day, the KOSPI index rose 86.81P (3.5%) during the month of January.

Seokwon Choi SK Securities (001510)“In particular, with the increasing influence of individual investors this year, individual investors who have not been able to participate in the stock market are aggressively investing,” said the head of the Research Center. “Because the KOSPI index surged for a short period of time, an adjustment of 5-10% ) May appear, but after the adjustment, it is highly likely to rise beyond the previous high.

“The real economy is stagnating due to the continuing corona pandemic situation, but investors are investing in anticipation of the economic recovery situation after the pandemic ends,” said the head of the center. “Is the KOSPI able to reach the unknown area of ​​3000 points?” No one knows the correct answer, but I expect this strong bull market to continue for the time being.”