‘Omicron’ variable… Stock market “December KOSPI is expected to be around 2,800”

(Seoul = Yonhap News) Reporter Aram Kim = With the new mutation ‘Omicron’ emerging as a variable, stock markets predicted on the 29th that the KOSPI would fluctuate in the range of 2,800 to 3,000 in December.

Noh Roh-gil and Lee Jeong-bin, researchers at Shinhan Financial Investment, said, “The impact of a new mutation is expected to vary depending on the effectiveness of the vaccine.”

They said, “We are not at a stage where we are pessimistic about investing in domestic stocks. The biggest difference compared to the ‘panic cell’ we experienced in March last year is the presence or absence of a vaccine.”

He added, “The global stock market showed correction in the phase of the spread of the delta mutation, but it rebounded after the vaccine effectiveness was proven.

They also predicted, “We expect further downward revisions to KOSPI’s corporate earnings,” and predicted that “the downward revision of earnings is highly likely to be completed in the early 2nd quarter of next year, considering the extent and extent of the decline in earnings since the base effect in the past.”

Lee Jae-man, a researcher at Hana Financial Investment, presented the December KOSPI forecast at 3,080 and the lower at 2,810, respectively.

“When the mutant virus appeared in the UK in September last year, India in October and Brazil in December, the KOSPI fell 7% and 6%, respectively, from the peak to the trough, and there was no effect in December,” he said. It was weakened due to the learning effect.”

“When the KOSPI earnings estimate enters a rebound phase after bottoming out, even if there is a risk of increasing index volatility, the highest monthly rate of return is possible up to 5%.

However, there is an observation that it will not be easy for the KOSPI to attempt a reversal in December as the environment surrounding the Korean stock market is not favorable.

Kyung-Min Lee Daishin Securities[003540] “I would like to expect the final reversal of the KOSPI in 2021, but the reality is not easy,” the researcher explained.

“This will increase pressure on the strengthening dollar and rising interest rates, and uncertainty will increase as the fourth quarter earnings season approaches,” he predicted.

In addition, he said, “The warning light is growing in the global investment environment due to the unexpected Corona 19 situation.” “The employment improvement expected by the global financial market, alleviating bottlenecks, the momentum of the year-end consumption season weakening, and the weak euro and strong dollar could become stronger.” it was expected

rice@yna.co.kr

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2021/11/29 08:56 Send