Noroo Paint & Coatings Co Ltd (090350) Is Yet to See Trading Action on Oct 14

October 13, 2017 - By Winifred Garcia

Shares of Noroo Paint & Coatings Co Ltd (KRX:090350) closed at 8440 yesterday. Noroo Paint & Coatings Co Ltd currently has a total float of 20.00M shares and on average sees 53,856 shares exchange hands each day. The stock now has a 52-week low of 7800 and high of 10200.

KOSPI: A Powerful Indicator Of The Asian Economy

South Korea has one of the most progressive, fast-paced economies in Asia. It is an influential global leader that helps drive growth in the Asian economy. Leading abilities of South Korean market help Noroo Paint & Coatings Co Ltd to attract more attention to its work. Without it, the region’s capacities are surely minimized.

One of the most important factors backing South Korea’s successful economy is the Korea Exchange (KRX), which boasts with over $1 trillion in total market capitalization. Despite being one of the youngest stock exchanges in Asia, it has already transformed the conduct of trade and commerce in South Korea. It brings foreign investors to Noroo Paint & Coatings Co Ltd and other companies.

Stock Market Division of the KRX

Under the Korea Stock Exchange and Futures Exchange Act, the KRX is divided into three: 1) the Stock Market Division; 2) the KOSDAQ Market Division; and 3) the Derivatives Market Division. All publicly traded companies are listed on the Stock Market Division of the KRX.

The Korea Composite Stock Price Index (KOSPI), which was first published in 1983, is one of the main real-time economy indicators in South Korea as it tracks the performances of all the companies listed on the Stock Market Division of the KRX. That being said, the KOSPI had to be divided into several sub-indices. These include the KOSPI 50, which monitors the 50 most active stocks on the Stock Market Division of the KRX; the KOSPI 100, which monitors the 100 most active stocks; and the KOSPI 200, which monitors the 200 most active stocks out of more than 700 stocks. A stock can be included in the KOSPI 50 and the KOSPI 100 only if it is included in the KOSPI 200. At the same time, a stock can only be included in the KOSPI 50 if it is included in the KOSPI 100. Noroo Paint & Coatings Co Ltd is inside the KOSPI trading operations.

The KOSPI tracks stocks on the Stock Market Division of the KRX based on market capitalization using the base value of 100. The base date is January 4, 1980. Similarly, the KOSPI 200, which represents roughly 70% of the total market valuation on the Stock Market Division of the KRX, monitors its components using the base value of 100. The base date is April 2007.

Historical Statistics

In January 1981, the KOSPI had reached its all-time low of 93.10 points. In May 2011, it had reached its all-time high of 2,228.98 points. On the other hand, in June 1998, the KOSPI 200 had reached its all-time low of 31.96 points; and in April 2007, it had reached its all-time high of 100 points.

When the Asian economy was recovering from the financial crisis that had started in Thailand, the KOSPI had recorded its largest one-day gain of 8.50% in June 1998. Meanwhile, after the 9/11 tragedy that had shaken the global economy, the KOSPI had recorded its largest one-day decline of 12.02% in September 2001.

By 2019, Asia is highly expected to account for 26% of the global financial wealth, demonstrating a 2% representation growth in just five years. The best way to bank on that fast-paced growth is to invest on stocks listed on the Stock Market Division of the KRX. Investors which work with Noroo Paint & Coatings Co Ltd hope to find the best quality there.

More recent Noroo Paint & Coatings Co Ltd (KRX:090350) news were published by: Globenewswire.com which released: “Global Advanced Technologies for Paints and Coatings Markets Report 2016-2021 …” on April 10, 2017. Also Businesswire.com published the news titled: “Decorative Paints & Coatings Market to Grow at a CAGR of 5.8% by 2021 …” on May 11, 2017. Prnewswire.com‘s news article titled: “Global Industrial Coatings Market Overview 2016-2022 – Market is Estimated at …” with publication date: July 11, 2016 was also an interesting one.

NOROO PAINT & COATINGS CO., LTD. is a Korea firm mainly engaged in the manufacture and sale of paints and synthetic resins. The company has market cap of $173.04 billion. The Company’s products portfolio consists of architectural coatings such as eco-friendly coatings, heavy duty coatings, floor coatings, waterproof coatings and wood coatings; industrial coatings such as surface treatment coatings, impregnating insulation varnishes electro coat paints and others, and automotive refinishes under the brand names of HIQ, AUTUSS and BODYIAN. It has a 5.87 P/E ratio. It also involves in the manufacture of paints used for power control modular steel sheets, interior decoration and waterproof materials through its affiliates.

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