Strong upward trend centered on semiconductors
The government’s announcement of a revitalization plan stimulates investment sentiment.
Despite the strength of the domestic stock market this year, KOSDAQ, which had been relatively neglected by large-cap KOSPI stocks, is showing signs of strength with the goal of reaching ‘1000+ KOSDAQ’. KOSPI, which continues its year-end rally, also surpassed 4190, taking one step closer to breaking through the 4200 level again.
According to the Korea Exchange on the 29th, the average daily trading value of KOSDAQ as of the 26th of this month was 11.48 trillion won, a 21% increase from 9.479 trillion won last month. It is the largest amount in two years and four months since the average daily trading volume of 12.122 trillion won recorded in August 2023. KOSDAQ’s active movement stands out compared to the average daily trading volume of KOSPI during the same period, which was 14.461 trillion won, down 17% from last month’s 17.433 trillion won. KOSDAQ’s average daily turnover rate was 2.30%, an increase of 15% from 2.00% last month.
The revitalization of KOSDAQ is interpreted as a result of policy momentum centered on high-tech strategic industries such as artificial intelligence (AI), semiconductors, and robots, and the government’s announcement of a plan to revitalize the KOSDAQ market stimulated investment sentiment. Individual investors are also active in investing in exchange traded funds (ETFs) that track the rise of the KOSDAQ index. In the past week, individuals net purchased ‘KODEX KOSDAQ 150 Leverage’ for 80.5 billion won and ‘KODEX KOSDAQ 150’ for 38.1 billion won.
Meanwhile, with one day left before the last trading day of the year (the 30th), KOSPI showed a strong rise led by semiconductor stocks despite the arrival of the ex-dividend date.
According to the Korea Exchange, on this day, KOSPI started at 4146.48, up 0.41% (16.80 points) from the previous trading day, and increased intraday, reaching 4193.07 as of 11 am. Individuals who had recorded net sales for five consecutive trading days turned to net buying and bought 227.1 billion won worth, foreigners net bought 106.4 billion won worth, and institutions net sold 308.7 billion won worth. Samsung Electronics, which is breaking record highs every day, rose 1.71% to 119,000 won, and SK Hynix, which was lifted from the investment warning list, surged 5.51% to 632,000 won. KOSDAQ started at 923.22, up 0.39% (3.55 points) from the previous trading day, and stood at 926.64 as of 11 am.
Reporter Jo Jae-yeon
