The turnover ratio of Korean stocks decreased last year as the local equity market remained sluggish despite ample liquidity under low interest rates, the main bourse operator said Monday.
The turnover ratio of stocks listed on the main KOSPI market was 198.38 percent in 2014, down 37.76 percent from a year ago, the Korea Exchange said. Stocks changed hands twice on average last year.
The corresponding ratio for shares on the tech-laden KOSDAQ market was tallied at 390.51 percent, 72.71 percent lower than a year ago, the KRX said.
A total of 59 KOSPI and 215 KOSDAQ stocks were traded over five times last year, while 381 KOSPI and 230 KOSDAQ stocks changed hands less than once, data showed. Stocks of market heavyweights, normally more stable in price, turned volatile last year as shares affiliated with family-run conglomerates fluctuated on issues related to restructuring.
Among the top 100 listed companies by market value, 59 shares moved in a wider price range in 2014 compared to a year ago, according to data compiled by market researcher FnGuide.
AmorePacific Co., South Korea’s top cosmetics maker, showed a 155.1 percent gap between maximum and minimum prices last year, up from 44.5 percent from a year earlier. Amore G Co., which targets lower-end cosmetic brands, showed 182.7 percent difference between high-low prices, also up from 46.6 percent the previous year. (Yonhap)
The turnover ratio of stocks listed on the main KOSPI market was 198.38 percent in 2014, down 37.76 percent from a year ago, the Korea Exchange said. Stocks changed hands twice on average last year.
The corresponding ratio for shares on the tech-laden KOSDAQ market was tallied at 390.51 percent, 72.71 percent lower than a year ago, the KRX said.
A total of 59 KOSPI and 215 KOSDAQ stocks were traded over five times last year, while 381 KOSPI and 230 KOSDAQ stocks changed hands less than once, data showed. Stocks of market heavyweights, normally more stable in price, turned volatile last year as shares affiliated with family-run conglomerates fluctuated on issues related to restructuring.
Among the top 100 listed companies by market value, 59 shares moved in a wider price range in 2014 compared to a year ago, according to data compiled by market researcher FnGuide.
AmorePacific Co., South Korea’s top cosmetics maker, showed a 155.1 percent gap between maximum and minimum prices last year, up from 44.5 percent from a year earlier. Amore G Co., which targets lower-end cosmetic brands, showed 182.7 percent difference between high-low prices, also up from 46.6 percent the previous year. (Yonhap)
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Articles by Korea Herald