CJ Cheiljedang Corporation (097950) Declined -1.24% on Feb 15

February 15, 2018 - By wolcottdaily

Shares of CJ Cheiljedang Corporation (KRX:097950) last traded at 319500, representing a move of -1.24%, or -4000 per share, on volume of 75,303 shares. After opening the trading day at 323000, shares of CJ Cheiljedang Corporation traded in a close range. CJ Cheiljedang Corporation currently has a total float of shares and on average sees 48,383 shares exchange hands each day. The stock now has a 52-week low of 318000 and high of 417500.

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 CJ Cheiljedang Corporation 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 CJ Cheiljedang Corporation 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. CJ Cheiljedang Corporation 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 CJ Cheiljedang Corporation hope to find the best quality there.

Another recent and important CJ Cheiljedang Corporation (KRX:097950) news was published by Globenewswire.com which published an article titled: “Metabolix Completes $10 Million Sale of Biopolymer Assets to CJ CheilJedang” on September 19, 2016.

CJ Cheiljedang Corporation engages in food and food ingredient, life science, feed and livestock, and healthcare businesses in South Korea and internationally. The company has market cap of $. The firm makes sugar, oligosaccharide, and caf?? syrups, as well as Xylose and Tagatose sweetener products; flour products, such as pre-mix products comprising muffin mix and ice-cream mix; oil products that consist of olive oil, grape seed oil, canola oil, and rice brain oil; and confectionery fat and fermented soybean meal for feed. It currently has negative earnings. It also provides food products, such as sprouted brown rice, black rice, and nutritional rice, as well as instant cooked rice under the Hetbahn brand; dessert and snacks, and chestnut products; pork ingredients; and tofu and dumplings.

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