Wooridul Huebrain Ltd. (118000) Dipped -0.44% on Feb 15

February 15, 2018 - By Linda Rogers

Shares of Wooridul Huebrain Ltd. (KRX:118000) last traded at 3360, representing a move of -0.44%, or -15 per share, on volume of 290,974 shares. After opening the trading day at 3300, shares of Wooridul Huebrain Ltd. traded in a close range. Wooridul Huebrain Ltd. currently has a total float of 21.55 million shares and on average sees 2.98 million shares exchange hands each day. The stock now has a 52-week low of 1695 and high of 13900.

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 Wooridul Huebrain 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 Wooridul Huebrain 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. Wooridul Huebrain 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 Wooridul Huebrain Ltd. hope to find the best quality there.

More notable recent Wooridul Huebrain Ltd. (KRX:118000) news were published by: Reuters.com which released: “Wooridul Huebrain to merge with subsidiary Damipharm” on May 24, 2017, also Reuters.com with their article: “Wooridul Huebrain to sell entire stake in With Pharm for 1.43 bln won” published on March 28, 2017, Reuters.com published: “Wooridul Huebrain to sell stake in Deutsch Financial for 1.40 bln won” on February 07, 2017. More interesting news about Wooridul Huebrain Ltd. (KRX:118000) were released by: Reuters.com and their article: “WOORIDUL HUEBRAIN to issue eighth convertible bonds” published on April 18, 2016 as well as Reuters.com‘s news article titled: “WOORIDUL HUEBRAIN to buy stake in DEUTSCH FINANCIAL Co., LTD” with publication date: February 25, 2016.

Wooridul Huebrain Ltd., a health care company, imports and sells medical devices and equipment for neurosurgery, orthopedic surgery, and department of rehabilitation The company's medical products include implants, equipment and instruments, traction therapy products, braces, and ultrasound equipment. The company has market cap of $72.42 billion. It also makes and sells chairs to prevent spinal disorders under the Wooridul brand name. It currently has negative earnings. Wooridul Huebrain Ltd. was formerly known as Wooridul Life Sciences Limited and changed its name to Wooridul Huebrain Ltd. in April 2014.

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