Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Korea Exchange
World exchanges

Korea Exchange improves Value-Up update

09.12.2024
2 min read

Korea Exchange actively promotes new Value-Up index

The Korea Exchange (KRX) has expanded the functions of the Value-Up index. It now provides real-time updates on the index.
The index is a response to the undervaluation of the Korean domestic stock market. The update took effect on 30 September, and the index stood at 1,007.65 points on the same day. This value-up value is 13.08 points or 1.28% lower than before the update.

Korea Exchange Index overview

The Value-Up index comprises 100 companies whose shares are available to local and foreign investors. The index has a recalculation every second. The base date is 2 January 2024, with an initial 1,000 points.
At the same time, the main stock market indices fell:
– KOSPI 200 declined by 2.5 points or 0.7% to 353.93;
– KOSPI 300 declined by 12.2 points or 0.74% to 1655.62.Korea Exchange (KRX)The Value-Up index uses five critical criteria:
– market presence, as measured by market capitalisation;
– profitability, measured by net profit;
– shareholder return, which takes into account dividends and share buybacks;
– market valuation, based on the price/book ratio (PBR);
– capital efficiency, which takes into account return on equity (ROE).
Value-up stocks rose by almost 3% on average over the three days, outperforming other indices. For example, the KOSPI rose 0.69%, and the KOSDAQ rose 0.94%.
It is worth noting that the Korea Exchange is interested in strengthening the position of its new index. To this end, it has held meetings with companies whose shares are included in the KOSPI and KOSDAQ. Such events should help familiarise them with the new index’s workings. In addition, the exchange is encouraging companies to disclose more financial information that will help the index perform better.
According to KRX’s Yang Tae-yeung, 28 companies are participating in the disclosure programme. However, this is a relatively low number as the exchange’s initial expectation was for a higher number of participants. As a result, the bourse is considering changing the components of the index. The rationale is to speed up the implementation of companies’ value-enhancing plans.

About the exchange

The Korea Stock Exchange is the world’s largest exchange in terms of derivatives trading volume and ranks among the top 20 global exchanges in terms of market capitalisation. KRX, the result of the merger of three platforms, has been officially in operation since 2005. It is part of a group of brokerage companies and trades equities, futures, and bonds.

Tags: World exchanges
0
Previous Post Marketing management software as an effective tool for businesses Next Post Indian conglomerate Adani Group to develop projects in Africa

You Might Also Like

Johannesburg Stock Exchange
World exchanges
Johannesburg Stock Exchange launches updated version of Colo 2.0 system
23.11.2024
Malaysian Derivatives Exchange
World exchanges
Malaysian Derivatives Exchange to launch soya oil futures
12.03.2024
Cryptocurrency exchange FTX
World exchanges
Cryptocurrency exchange FTX moved its headquarters to the Bahamas
14.06.2022
Bitdeer goes public
World exchanges
Bitdeer has floated on the Nasdaq exchange
17.08.2023
cryptocurrency whales are acquiring Ethereum
World exchanges
Cryptocurrency whales are buying up Ethereum altcoin as its price has fallen
06.02.2023
Hang Seng
World exchanges
Chinese technology corporations have entered the main index of Hang Seng Hong Kong Stock Exchange
30.01.2021

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics