Sejong Industrial Co Ltd (033530) Plunges -2.66% on Sep 3

September 2, 2017 - By Hazel Jackson

Shares of Sejong Industrial Co Ltd (KRX:033530) last traded at 7670, representing a move of -2.66%, or -210 per share, on volume of 71,773 shares. After opening the trading day at 7880, shares of Sejong Industrial Co Ltd traded in a close range. Sejong Industrial Co Ltd currently has a total float of 19.51M shares and on average sees 52,941 shares exchange hands each day. The stock now has a 52-week low of 7400 and high of 13050.

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 Sejong Industrial 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 Sejong Industrial 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. Sejong Industrial 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 Sejong Industrial Co Ltd hope to find the best quality there.

More notable recent Sejong Industrial Co Ltd (KRX:033530) news were published by: Medgadget.com which released: “Exhaust System Market to Reach an Estimated Value of US$ 57504.6 Mn by 2022 …” on August 31, 2017, also Prnewswire.com with their article: “Exhaust Systems Market Growing at 7.07% CAGR to 2020 Forecast 2015 Research …” published on September 22, 2015, Marketwatch.com published: “Exhaust Systems Market Worth 59.02 Billion USD by 2021” on February 22, 2017. More interesting news about Sejong Industrial Co Ltd (KRX:033530) were released by: Businesswire.com and their article: “Research and Markets: Automotive Exhaust Systems Market 2015-2020 by After …” published on July 17, 2015 as well as Prnewswire.com‘s news article titled: “Exhaust Systems Market by After Treatment Device, Fuel Type, Component, and …” with publication date: February 23, 2017.

SEJONG INDUSTRIAL Co., Ltd. is a Korea firm principally engaged in the manufacture of automobile parts. The company has market cap of $153.82 billion. The Company’s supplies include automobile mufflers, which are used to reduce engine noises and purify exhaust gases; automobile body parts, such as dash assemblies, which are used to separate engine room from interior spaces; catalytic converters, which are used to purify exhaustion gas; hydrogen sensors, which are used to detect hydrogen leakage and monitor hydrogen concentration, and pressure sensors, including automotive pressure sensors and industrial pressure sensors and others. It currently has negative earnings. The Firm also provides blood glucose meters.