January 05, 2021 09:39
The Korea Composite Stock Price Index started the New Year on a fresh high, crossing 2,900 points for the first time on Monday.
The KOSPI closed up 2.47 percent at 2,944.45 points, rising for the sixth-straight session powered by individual investors. It was the fifth consecutive daily record after the index surpassed 2,800 points on Dec. 24.
The total market cap of the KOSPI has swelled to W2 quadrillion (US$1=W1,082).
The index is just 60 points shy of 3,000 points. Analysts expect it to soar to 3,200 or even 3,300 points this year as investor sentiment is buoyed by hopes of the coronavirus epidemic ending.
The junior Kosdaq also closed up 0.95 percent at 977.62 points.
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