KOSDAQ Surpasses 1,000 Points for the First Time in Over 20 Years (Comprehensive)

by Hwang Junho

Published 26 Jan.2021 10:11(KST)

[Image source=Yonhap News]

[Asia Economy Reporter Junho Hwang] On the 26th, the KOSDAQ opened above 1000 points for the first time in over 20 years.

It opened at 1000.00, up 0.07% (0.70 points) from the previous trading day. The last time the KOSDAQ index surpassed the 1000 mark was on September 14, 2000 (1020.70), during the dot-com bubble period.

On the KOSDAQ, individual investors made net purchases worth 16.8 billion KRW. Since the beginning of this month, individuals have bought stocks worth 2.16 trillion KRW on the KOSDAQ market. Institutions made net sales of 1.65 trillion KRW, while foreigners made net purchases of 4.2 billion KRW.

As of 9:59 AM, the KOSDAQ stood at 1009.35. By sector, distribution rose 2.98%, pharmaceuticals 1.16%, and paper and wood manufacturing among manufacturing industries increased by 1.09%.

Healthcare stocks, which make up most of the top 10 companies by market capitalization, are also showing an upward trend. Celltrion Healthcare is up 3.81% compared to the previous day, Celltrion Pharm is up 6.62%, and Seegene is up 3.87%. Among gaming stocks, Pearl Abyss stands out with a 2.4% increase.

KOSDAQ Surpasses 1,000 Points for the First Time in Over 20 Years (Comprehensive)

The KOSPI index started trading at 3203.96, down 5.03 points (0.16%) from the previous session.

Foreigners and institutions are net sellers of 127.8 billion KRW and 34.2 billion KRW respectively. Individuals are net buyers of 168.2 billion KRW. After net selling 571.2 billion KRW the previous day, individuals have turned to net buying in just one day.

By sector, the electrical and electronics sector, centered on semiconductor stocks, is down more than 1%. Transportation equipment and distribution sectors are also showing declines of around 1%. By stock, Samsung Electronics is down 1.23%, SK Hynix down 2.96%. Samsung Biologics and Celltrion are up by around 3%.