Snu Precision Co Ltd (080000) Decline -0.8% on Feb 14

February 14, 2018 - By Maria Brooks

Shares of Snu Precision Co Ltd (KOSDAQ:080000) last traded at 3715, representing a move of -0.8%, or -30 per share, on volume of 25,565 shares. After opening the trading day at 3740, shares of Snu Precision Co Ltd traded in a close range. Snu Precision Co Ltd currently has a total float of 24.89 million shares and on average sees 84,275 shares exchange hands each day. The stock now has a 52-week low of 3610 and high of 5620.

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 Snu Precision 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. Snu Precision 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 Snu Precision 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 Snu Precision Co Ltd.

More important recent Snu Precision Co Ltd (KOSDAQ:080000) news were published by: Nature.com which released: “Dog cloners baring their teeth” on July 04, 2008, also Reuters.com published article titled: “SNU Precision signs contract worth 10.56 bln won”, Reuters.com published: “SNU Precision lowers conversion price of 6th series convertible bonds to 4,055 won/share” on December 11, 2017. More interesting news about Snu Precision Co Ltd (KOSDAQ:080000) was released by: Reuters.com and their article: “SNUPrecision signs contract worth 26.57 bln won” with publication date: October 16, 2017.

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