Stock Price Jumped up 20 Point again to 822

Stock price is on the rise for two days, marking 820 points of the composite stock exchange index. Backed up by such bull market, the total transaction recorded over 300 trillion won for the first time in past 19 months.

The composite stock exchange index on 27th closed at 822.11, continuing the strong bounce that had broken off the 800 line. The news that the U.S. market remained slightly weak did not affect the surge of the Korean stock market.

However, Kosdaq ended up with a slight rise of 0.54, closing at 77.54.

The leading investors were again the institutional investors. The institutional investors recorded the net purchase of 273.3 billion won through program transactions. Foreign investors also recorded 22.2 billion won of net purchase yesterday after net sales for 9 consecutive days, accelerating the moves upward.

The roller coasting individual investors poured out their stocks of 226.8 billion won for sale but the institutional and foreign investors absorbed them with no difficulty. The total transaction amount recorded 4 trillion 286.2 billion won for 695,050,000 stocks.

534 items were up, which is over twice than the number of items down. Particularly, construction items that benefited the recurring purchase rose up over 7 percent.

Top 30 items except for POSCO were all on the rise, supporting the strong moves of the bull market.

Dong-Keun Keum gold@donga.com