Poongsan Corporation (103140) Is Yet to See Trading Action on Feb 15

February 15, 2018 - By Migdalia James

Shares of Poongsan Corporation (KRX:103140) closed at 42300 yesterday. Poongsan Corporation currently has a total float of shares and on average sees 206,106 shares exchange hands each day. The stock now has a 52-week low of 37050 and high of 58900.

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 Poongsan 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 Poongsan 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. Poongsan 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 Poongsan Corporation hope to find the best quality there.

More notable recent Poongsan Corporation (KRX:103140) news were published by: Theguardian.com which released: “UK banks and insurers blacklist cluster bomb manufacturers” on April 09, 2012, also Prnewswire.com with their article: “Global Ammunition Market 2015-2020 – Orbital ATK, General Dynamics, Poongsan …” published on December 17, 2015, Seekingalpha.com published: “Seeking Value In Sum-Of-The-Parts Discounts” on April 12, 2016. More interesting news about Poongsan Corporation (KRX:103140) were released by: Businesswire.com and their article: “Paul J. Luna, Helios Education Foundation’s President and CEO, Joins America’s …” published on January 09, 2014 as well as Theguardian.com‘s news article titled: “World of warfare: the biggest arms fair in the Middle East – in pictures” with publication date: November 03, 2015.

Poongsan Corporation develops, manufactures, markets, and exports fabricated nonferrous metal, defense, and precision products in South Korea and internationally. The company has market cap of $. It offers copper and copper alloy sheets, strips, tubes, and rods, as well as thin plates and tubes, bimetals, and coin blanks; leadframe materials; titanium tubes; stainless steel strips; and copper roofing materials. It currently has negative earnings. The company's copper and copper alloy sheets and strips are used for interior and exterior applications in commercial and residential real estate, construction, machinery, automobiles, electronics, semiconductors, telecommunication, and electronic parts industries.

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