Stock Price Broke 600 Line, Closing At 606 Yesterday

Thanks to the upgrade of the national credit grade and the purchasing drive of the foreign investors, the composite stock exchange index broke the 600-line yesterday for the first time in last 4 months. And the Kosdaq index also bounced upward, approaching close to 70.

The composite stock exchange index recorded 606.68, which is raised by 17.87 (3.03 percent) from the previous day and the Kosdaq also went up by 1.19 to 69.20.

Foreign investors led the Exchange market by purchasing 151.5 billion won. The foreign investors, who turned to pure selling Nov. 13 bringing about a suspicion about the end of `buy Korea` stream, returned to the market stimulated by the upgrade of Korea`s national credit grade and the possibility of early completion of the war on terrorism. The foreign investors recorded the net purchase of 6.1 billion won in Kosdaq as well.

Samsung Electronics has surged by 7.5 percent up to 215,000 won, recording the highest price since June 13 and the stock price of Hynix also jumped up by 11.58 percent stimulated by the transaction of the total 550 million stocks.

The ups in the Exchange Market and Kosdaq recorded 588 and 465 respectively, far preceding 210 and 174 downs respectively.

roryrery@donga.com