May 09, 2024
Stocks & Bonds
Gap between KOSPI, KOSDAQ hits new high
[THE INVESTOR] The price index gap between KOSPI and KOSDAQ has hit a new high as the current bull run of the local stock market is driven largely by big caps, data showed on June 27.
The benchmark KOSPI climbed 0.42 percent to finish at a fresh high of 2,388.66 on June 26, while the key index of the minor KOSDAQ market fell 0.09 percent to 668.36.
The difference between the price indexes reached an all-time high of 1,720.30, surpassing the previous record set on June 2, which was also a six-year high.
Analysts attributed the big gap to the main stock market’s streaking run that contrasts with the lackluster performance of the tech-heavy secondary bourse.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The benchmark KOSPI climbed 0.42 percent to finish at a fresh high of 2,388.66 on June 26, while the key index of the minor KOSDAQ market fell 0.09 percent to 668.36.
The difference between the price indexes reached an all-time high of 1,720.30, surpassing the previous record set on June 2, which was also a six-year high.
Analysts attributed the big gap to the main stock market’s streaking run that contrasts with the lackluster performance of the tech-heavy secondary bourse.
By Alex Lee and newswires (alexlee@heraldcorp.com)
