An electronic bulletin board on Jan. 22 displays news of the main stock market KOSPI breaking 5,000 for the first time at the dealing room of Hana Bank headquarters in Seoul's Jung-gu District. (Yonhap News)
The main stock market KOSPI on Jan. 27 closed above 5,000 for the first time in history, with its market cap also setting a record-high KRW 4,204 trillion.
The index closed at 5,084.85, up 135.26 points (2.73%) from the previous trading day. It opened at 4,932.89, down 16.7 (0.34%) and fell to 4,890.72 during trading but quickly reverted toward a growth path.
Foreign investors net bought KRW 851.3 billion and institutions KRW 232.7 billion, while individuals were net sellers with KRW 1.199 trillion.
The secondary stock market KOSDAQ closed at 1,082.59, up 18.18 (1.71%). Breaking 1,000 for the first time in four years the previous day, the index opened at 1,054.19, down 10.22 (0.96%), but quickly rebounded to surpass its previous high of 1,064.44 set the previous day, the highest since KOSDAQ's reorganization in 2004.
Analysts said global capital markets have reappraised the domestic stock market, which has jumped 111.9% since last year, following the inauguration of President Lee Jae Myung.
hjkoh@korea.kr