Stock Price Approaching 890 Points

The composite stock exchange index is closely approaching 890 points. Kosdaq also continued rising for 8 consecutive days, recording the total transaction volume over 400 trillion won.

The composite stock exchange index was closed at 889.98, which is 20.27 points up from the previous day. The index is the highest point since March 29th, 2000 when it recorded 908.51. Foreign investors recorded net purchase of 70.6 billion won for the first time in past 10 days and the institutional investors such as trust and securities companies also purchased 26.8 billion won.

Kosdaq also closed at 92.58 (0.80 up). Individual investors recorded 37.2 billion won of net purchase but the rising move was slowed down by the 9.5 billion won net sales of foreign investors.

Thanks to the stock price surging, the total volumes of the stock exchange market and Kosdaq were 333 trillion 433 billion won and 71 trillion 296 billion won respectively, recording the total sum of 404 trillion 729 billion won.

The transaction volume of the exchange market was 5 trillion 440.2 billion won which is second to the top this year. The transaction volume of Kosdaq was also recorded over 2 trillion 798 billion won.

Meanwhile, the customer deposit was reduced to 12 trillion 247.7 billion won, which is 79.3 billion won lower than the previous day.

The composite stock exchange index has been rising 64.71 points (7.84 percent) for 7 days but the related indexes did not show a sign for overheating yet, expecting that additional rises continue.

Chan-Sun Hong hcs@donga.com