KOSPI, November 'Record-Breaking' Streak in Rising Rally

On the 27th, KOSPI closed at an all-time high of 2633.45

The KOSPI set a new record for the second consecutive day on the 27th. On this day, the KOSPI closed at 2,633.45, up 7.54 points (0.29%) from the previous day. (Photo by Yonhap News)

[Asia Economy Reporter Kum Boryeong] In November, when the KOSPI index reached an all-time high, several new records were set in various sectors of the domestic stock market.

According to the Korea Exchange on the 29th, the KOSPI closed at a record high of 2633.45 on the 27th. After closing at 2602.59 on the 23rd, surpassing the previous record of 2598.19 set on January 29, 2018, it has continued to hit new highs in the rally except for the 25th.

The market capitalization also reached an all-time high of approximately 1808.1714 trillion KRW.

Samsung Electronics, ranked first in KOSPI market capitalization, set a new two-day consecutive closing high at 68,200 KRW on the 27th. LG Chem also closed at an all-time high of 816,000 KRW on the 26th.

One of the main factors driving the KOSPI rally was the sustained strength of the Korean won this month, which led to a large influx of foreign buying. Foreign investors have net purchased 7.4316 trillion KRW this month through the 27th. Among these, they bought 2.2874 trillion KRW worth of Samsung Electronics, followed by LG Chem (1.5045 trillion KRW), SK Hynix (981.7 billion KRW), Samsung SDI (417.6 billion KRW), and Kakao (293.5 billion KRW).

The highest trading volume also occurred this month. On the 25th, 21.7958 trillion KRW was traded on the KOSPI.

As the stock market showed an upward trend, investment waiting funds also reached an all-time high. As of the 18th, investor deposits stood at 65.136 trillion KRW, setting a new record in two and a half months since September 4th (63.2581 trillion KRW). As of the 26th, investor deposits remained above 60 trillion KRW at 63.2349 trillion KRW.

This content was produced with the assistance of AI translation services.