LIG Nex1 Co., Ltd. (079550) Declines -2.1% on Feb 14

February 14, 2018 - By wolcottdaily

Shares of LIG Nex1 Co., Ltd. (KRX:079550) last traded at 49050, representing a move of -2.1%, or -1050 per share, on volume of 109,148 shares. After opening the trading day at 49900, shares of LIG Nex1 Co., Ltd. traded in a close range. LIG Nex1 Co., Ltd. currently has a total float of shares and on average sees 161,249 shares exchange hands each day. The stock now has a 52-week low of 48400 and high of 90400.

How KOSPI Transforms South Korea Into A Global Leader

One of the leading economies backing the immense growth of the Asian economy is that of South Korea. The country has long been proven itself as a valuable asset in driving growth and maximizing potentials in the long run. It is not easy for companies to get there, but as LIG Nex1 Co., Ltd. shows it is possible. Its rich and healthy equity market is only one of the many proofs of South Korea’s capabilities.

About the KOSPI

The Korea Composite Stock Price Index (KOSPI) is the benchmark, market-capitalization-weighted index in South Korea. LIG Nex1 Co., Ltd. is inside KOSPI register. First published in 1983, it has replaced the Korea Composite Stock Price Index (KCSPI), which was like the Dow Jones Industrial Average (DJIA) of the US equity market.

The KOSPI has a base value of 100 points— the base date being January 4, 1980. It measures companies listed on the Stock Market Division of the Korea Exchange (KRX) based on market capitalization. The KRX is one of the biggest stock exchanges in Asia, boasting with a total market capitalization of $1.20 trillion as of January 2015.

With hundreds of components, the KOSPI had to be divided into several, smaller sub-indices to provide a clearer real-time representation of the South Korean equity market. These sub-indices include the KOSPI 200, which tracks the top 200 companies on the Stock Market Division of the KRX; the KOSPI 100, which tracks the top 100 companies; and the KOSPI 50, which tracks the top 50 companies. Because of its broad nature, the KOSPI 200, which represents about 70% of the total market capitalization on the Stock Market Division of the KRX, shares the same movement with the KOSPI at most times.

Perfect liquidity made it easier for LIG Nex1 Co., Ltd. to get there. A stock needs to be included in the KOSPI 200 before becoming eligible for inclusion in the KOSPI 100. Similarly, it needs to be included in the KOSPI 100 before becoming eligible for inclusion in the KOSPI 50.

KOSPI Performance

The KOSPI had posted its biggest one-day gain of 8.50% or 23.81 points on June 17, 1998. This is largely attributed to the recovery of the Asian economy following the massive financial crisis that had begun in Thailand.

Meanwhile, the KOSPI had posted its biggest one-day decline of 12.02% or 64.97 points on September 12, 2001. This is widely attributed to the bombing of the twin towers in the US on September 11, 2001, a tragedy that had affected the global economy by causing widespread panic among investors.

The KOSPI holds an all-time low of 93.10 points, which was last seen in January 1981; and an all-time high of 2,228.98 points, which was last seen in May 2011. It had first hit the 2,000-point mark on July 24, 2007, a year before the 2008 Global Financial Crisis broke out.

In 2014, Asia had accounted for about 24% of global financial wealth. In five years time from then, the region is anticipated to represent 26% of global financial wealth. Investing in the healthy South Korean equity market is likely healthy for investors. By doing so, they can expect to reap gains from the Asian economy bloom. They can also check the benefits of LIG Nex1 Co., Ltd..

Another recent and important LIG Nex1 Co., Ltd. (KRX:079550) news was published by Reuters.com which published an article titled: “UPDATE 1-S.Korea won, shares tumble to over 1-month lows as US-N.Korea …” on August 09, 2017.

LIG Nex1 Co., Ltd. develops and sells various weapon systems worldwide. The company has market cap of $. It offers precision guided munitions, which include ground guided missiles, such as surface-to-air guided and surface to ship guided rocket/anti-tank missiles; ship-launched/air-launched guided missiles comprising air-to-surface guided bombs, surface-to-air missiles, ship-to-ship guided missiles, and ship-to-surface guided missiles; and underwater guided missiles consisting of torpedoes and mines. It currently has negative earnings. The firm also provides intelligence, surveillance, and reconnaissance products that include radar systems, such as airborne, ground, and maritime; image radars and electronic optical equipment; and SONAR surveillance systems.

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