Pricey stocks fare better on bourse
The number of high-priced stocks surged this year, while the number of low-priced stocks plunged.The Korea Exchange said yesterday in a release that the number of shares listed on the Kospi index worth 50,000 won ($55) or more jumped 97.4 percent to 150 as of Monday. The number of stocks valued at 30,000 won or more on the Kosdaq soared 151.7 percent on year to 73. In contrast, the number of shares worth less their than face value, usually 5,000 won, on the Kospi fell 42.5 percent to 23 as of Monday.
On the Kosdaq, the number of stocks valued at less than their face value, normally 500 won, dropped 21.9 percent to 25.
The Korea Exchange, which operates the two markets, studied 645 stocks on the Kospi and 889 issues on the Kosdaq and compared their value with that of last year’s end.
On the Kospi, shares that were worth between 30,000 won and 50,000 won at last year’s end have outpaced the index by 32.48 percentage points this year.
However, pricey stocks that were valued at 100,000 won or more at the end of last year rose only 2.1 percentage points more than the Kospi.
On the Kosdaq, stocks that were worth 30,000 won or more appreciated 32.5 percentage points more than the index. However, cheap issues valued at between 3,000 won and 10,000 won rose more slowly than the index.
On the Kospi, Daehan Fire and Marine Insurance topped the list of rising shares this year, soaring 977.8 percent in value as of Monday. Next was Korea Fine Chemical, jumping 873.1 percent, followed by KCO Energy, Korea Petro Industrial, STX, Ilshin Stone and DC Chemical.
On the Kosdaq, Dongil Steel appreciated 843.9 percent, and Human and Technology soared 784.2 percent.
By Limb Jae-un Staff Writer [jbiz91@joongang.co.kr]
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)