On the morning of the 20th, the KOSPI index surpassed the 3000 mark. It is the first time since January 2022 that it has exceeded 3000 during trading.
Expectations for policies following the launch of the new government have bolstered the stock market, with the KOSPI rising for five consecutive trading days even amid adverse events from the Middle East, achieving the milestone of 'three thousand'. Since the launch of the Lee Jae-myung government, it has been on an upward trend, except for one day out of the last 12 trading days.
As of 11:26 a.m. that day, the KOSPI index recorded an increase of 30.99 points (1.04%) to 3008.73. This is the first time the KOSPI has exceeded 3000 since January 3, 2022 (3010.77).
In the securities market, foreign investors and institutions each made purchases of 90 billion won and 55 billion won, respectively. In contrast, individuals were selling off alone, totaling 150 billion won.
Individual investors, who had bought net over 100 billion won at the beginning of the session to lift the KOSPI to 3000, turned to net selling to realize profits as the index broke through 3000. Meanwhile, foreign and institutional investors, who had shown a selling trend throughout the early session, shifted to buying around 11 a.m.
All top 10 stocks by market capitalization in the KOSPI showed gains. Samsung Electronics (0.59%), SK hynix (3.35%), Samsung Biologics (1.7%), LG Energy Solution (4.47%), and Hanwha Aerospace (2.89%) were all rising.
Lee Jae-won, a researcher at Shinhan Investment Corp., noted, "Sectors such as semiconductors, Naver, Kakao, defense, and secondary batteries are showing strength, leading to an increase in major stocks," and analyzed that, "With the passage of the Lee Jae-myung government's supplementary budget of about 30 trillion won, expectations for a rise in the stock market due to increased liquidity are growing."
At the same time, the KOSDAQ index was up 8.2 points (1.05%) from the previous day, reaching 790.71. Individual and institutional investors were making net purchases of 2 billion won and 14 billion won, respectively, driving the index upward. Foreign investors were net selling worth 8 billion won.
The stock prices of top companies by market capitalization on the KOSDAQ are also strong. ECOPRO BM rose by 8.36%, and Rainbow Robotics increased by 6.23%, leading the index. Alteogen (1.29%) and PharmaResearch (2.32%) were also on the rise. Among the top 10 companies, only HUGEL and CLASSYS saw a decline in stock prices.