Stock Price Surges by 15 Points, Approaching 760

The composite stock exchange index was consecutively renewed for three days in a row.

The index on the 24th closed at 757.71, which is a 15.09 (2.03) increase from the previous day. The highest point of the year, 751.61, was recorded on the 9th. Under the influence of the recovery of the U.S. Nasdaq up to 1900 and the purchase of foreign investors and institutional investors, the index once hit 763.42 point.

The net purchase of institutional and foreign investors were 213.3 billion won and 173.8 billion won respectively and the individual investors sold their shares of 386.3 billion won, taking advantage of the purchasing trend of the institutional and foreign investors

All items including large capital stocks of Samsung, SK Telecom, and Hyundai Motors and medium and small capital stocks joined together in the ascending current. Especially, the stock market and construction related items showed a big jump in their stock price.

Kosdaq also began with a rise but ended up with 0.02 down at 75.01 due to the migration of individual investors to other markets.

Suk-Ho Shin kyle@donga.com