Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Thematic (Sector/Industry)

KOSDAQ is getting really hot. Over the past three months, KOSDAQ index climbed 22.89% by 145.31 points from 642.11 on Aug 17 to 780.22 today on Nov 16.<div class="content-caption">(KOSDAQ index 3M chart from Aug 17 - Nov 16, 2017 - Courtesy Google Finance)</div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/038/403/original/1.png?1510843290" class="editor-image img-responsive" data-smartkarma-image-id="38403"></figure>How hot is KOSDAQ? Check this data. We are now midway through Nov, and this month's average daily trade value in KOSDAQ is the highest (actually by a substantial margin) since 2000.<table class="table table-striped"><tbody><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"일자"}'>Rank</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"일자"}'>Month/year</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":2,"2":"평균거래대금 \n(백만원)"}'>Avg. daily trade value (₩ mil)</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2017년 11월\n(∼10일)"}'>1</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2017년 11월\n(∼10일)"}'>Nov 2017 (Nov 1 - 16)</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":4627300}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>5,654,009</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2000년 2월"}'>2</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2000년 2월"}'>Feb 2000</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":4576104}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>4,576,104</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2015년 7월"}'>3</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2015년 7월"}'>July 2015</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":4385048}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>4,385,048</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2015년 4월"}'>4</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2015년 4월"}'>Apr 2015</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":4286193}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>4,286,193</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2015년 6월"}'>5</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2015년 6월"}'>June 2015</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":4186373}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>4,186,373</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2000년 3월"}'>6</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2000년 3월"}'>Mar 2000</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":4114670}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>4,114,670</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2016년 7월"}'>7</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2016년 7월"}'>July 2016</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":4079761}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>4,079,761</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2015년 5월"}'>8</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2015년 5월"}'>May 2015</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":3949165}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>3,949,165</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2016년 6월"}'>9</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2016년 6월"}'>June 2016</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":3918909}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>3,918,909</td></tr><tr><td style="width: 104px;" data-sheets-value='{"1":2,"2":"2017년 10월"}'>10</td><td style="text-align: right; width: 300.6114196777344px;" data-sheets-value='{"1":2,"2":"2017년 10월"}'>Oct 2017</td><td style="text-align: right; width: 327.3885803222656px;" data-sheets-value='{"1":3,"3":3849596}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>3,849,596</td></tr><tr><td colspan="3" style="width: 732px;" data-sheets-value='{"1":2,"2":"2017년 10월"}'>Source: KRX</td></tr></tbody></table>KOSDAQ index now stands at 780.22, which is something we haven't seen in a long time. In fact, this is the highest in a decade since 2007. Over the past four trading days, its total trade value has literally soared. On Nov 15, KOSDAQ's total trade value peaked to nearly ₩10tril which is of course a record high.  <table class="table table-striped"><tbody><tr><td>Date</td><td style="text-align: right;">KOSDAQ index</td><td style="text-align: right;">Daily Δ (%)</td><td style="text-align: right;">Daily trade value (₩ mil)</td></tr><tr><td>2017/11/16</td><td style="text-align: right;">780.22</td><td style="text-align: right;">1.59</td><td style="text-align: right;">7,973,647</td></tr><tr><td>2017/11/15</td><td style="text-align: right;">768.03</td><td style="text-align: right;">1.53</td><td style="text-align: right;">9,884,172</td></tr><tr><td>2017/11/14</td><td style="text-align: right;">756.46</td><td style="text-align: right;">2.03</td><td style="text-align: right;">7,162,260</td></tr><tr><td>2017/11/13</td><td style="text-align: right;">741.38</td><td style="text-align: right;">2.86</td><td style="text-align: right;">5,809,626</td></tr><tr><td>2017/11/10</td><td style="text-align: right;">720.79</td><td style="text-align: right;">1.53</td><td style="text-align: right;">4,451,822</td></tr><tr><td>2017/11/09</td><td style="text-align: right;">709.94</td><td style="text-align: right;">0.12</td><td style="text-align: right;">4,446,661</td></tr><tr><td>2017/11/08</td><td style="text-align: right;">709.11</td><td style="text-align: right;">1.14</td><td style="text-align: right;">5,787,154</td></tr><tr><td>2017/11/07</td><td style="text-align: right;">701.14</td><td style="text-align: right;">-0.38</td><td style="text-align: right;">5,474,412</td></tr><tr><td>2017/11/06</td><td style="text-align: right;">703.79</td><td style="text-align: right;">0.38</td><td style="text-align: right;">4,591,080</td></tr><tr><td>2017/11/03</td><td style="text-align: right;">701.13</td><td style="text-align: right;">0.89</td><td style="text-align: right;">4,389,084</td></tr><tr><td>2017/11/02</td><td style="text-align: right;">694.96</td><td style="text-align: right;">-0.12</td><td style="text-align: right;">4,293,674</td></tr><tr><td>2017/11/01</td><td style="text-align: right;">695.77</td><td style="text-align: right;">0.23</td><td style="text-align: right;">3,584,513</td></tr><tr><td>2017/10/31</td><td style="text-align: right;">694.20</td><td style="text-align: right;">0.66</td><td style="text-align: right;">3,785,938</td></tr><tr><td>2017/10/30</td><td style="text-align: right;">689.68</td><td style="text-align: right;">-0.04</td><td style="text-align: right;">3,631,802</td></tr><tr><td>2017/10/27</td><td style="text-align: right;">689.97</td><td style="text-align: right;">1.38</td><td style="text-align: right;">3,655,074</td></tr><tr><td>2017/10/26</td><td style="text-align: right;">680.61</td><td style="text-align: right;">-1.24</td><td style="text-align: right;">4,187,147</td></tr><tr><td>2017/10/25</td><td style="text-align: right;">689.14</td><td style="text-align: right;">0.28</td><td style="text-align: right;">3,972,428</td></tr><tr><td>2017/10/24</td><td style="text-align: right;">687.21</td><td style="text-align: right;">1.68</td><td style="text-align: right;">4,196,342</td></tr><tr><td>2017/10/23</td><td style="text-align: right;">675.86</td><td style="text-align: right;">0.43</td><td style="text-align: right;">3,377,208</td></tr><tr><td>2017/10/20</td><td style="text-align: right;">672.95</td><td style="text-align: right;">0.88</td><td style="text-align: right;">3,600,220</td></tr><tr><td>2017/10/19</td><td style="text-align: right;">667.10</td><td style="text-align: right;">-0.2</td><td style="text-align: right;">4,316,356</td></tr><tr><td>2017/10/18</td><td style="text-align: right;">668.42</td><td style="text-align: right;">-0.31</td><td style="text-align: right;">4,563,545</td></tr><tr><td>2017/10/17</td><td style="text-align: right;">670.51</td><td style="text-align: right;">1.68</td><td style="text-align: right;">4,217,863</td></tr><tr><td>2017/10/16</td><td style="text-align: right;">659.41</td><td style="text-align: right;">-0.55</td><td style="text-align: right;">3,893,771</td></tr><tr><td colspan="4">Source: KRX</td></tr></tbody></table><div class="content-caption">(KOSDAQ index 10yr chart - Courtesy Google Finance)</div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/038/404/original/2.png?1510843308" class="editor-image img-responsive" data-smartkarma-image-id="38404"></figure>

KOSDAQ is getting really hot. Over the past three months, KOSDAQ index climbed 22.89% by 145.31 points from 642.11 on Aug 17 to 780.22 today on Nov 16.(KOSDAQ index 3M chart from Aug 17 - Nov 16, 2017 - Courtesy Google Finance)How hot is KOSDAQ? Check this data. We are now midway through Nov, and this month's average daily trade value in KOSDAQ is the highest (actually by a substantial margin) since 2000.RankMonth/yearAvg. daily trade value (₩ mil)1Nov 2017 (Nov 1 - 16)5,654,0092Feb 20004,576,1043July 20154,385,0484Apr 20154,286,1935June 20154,186,3736Mar 20004,114,6707July 20164,079,7618May 20153,949,1659June 20163,918,90910Oct 20173,849,596Source: KRXKOSDAQ index now stands at 780.22, which is something we haven't seen in a long time. In fact, this is the highest in a decade since 2007. Over the past four trading days, its total trade value has literally soared. On Nov 15, KOSDAQ's total trade value peaked to nearly ₩10tril which is of course a record high.  DateKOSDAQ indexDaily Δ (%)Daily trade value (₩ mil)2017/11/16780.221.597,973,6472017/11/15768.031.539,884,1722017/11/14756.462.037,162,2602017/11/13741.382.865,809,6262017/11/10720.791.534,451,8222017/11/09709.940.124,446,6612017/11/08709.111.145,787,1542017/11/07701.14-0.385,474,4122017/11/06703.790.384,591,0802017/11/03701.130.894,389,0842017/11/02694.96-0.124,293,6742017/11/01695.770.233,584,5132017/10/31694.200.663,785,9382017/10/30689.68-0.043,631,8022017/10/27689.971.383,655,0742017/10/26680.61-1.244,187,1472017/10/25689.140.283,972,4282017/10/24687.211.684,196,3422017/10/23675.860.433,377,2082017/10/20672.950.883,600,2202017/10/19667.10-0.24,316,3562017/10/18668.42-0.314,563,5452017/10/17670.511.684,217,8632017/10/16659.41-0.553,893,771Source: KRX(KOSDAQ index 10yr chart - Courtesy Google Finance)

KOSDAQ's Bullish Run - Main Drivers & Stocks to Pick

Last month, foreign investors went on a buying spree in the Korea's second largest stock market, KOSDAQ. In contrast, they went on a selling spree in the Korea's largest stock market, KOSPI during the same period. This is very interesting since these foreign investors seem to be thinking that NPS initiated passive investing paradigm might have come to an end. In fact, foreign investors net purchased ₩536bil worth of KOSDAQ stocks in Sep alone. This is more than one fourth of their total net purchase from Jan to July. However, they net sold a total of ₩3.465tril worth of KOSPI stocks in the last two months. It seems clear that foreign investors' appetite has changed drastically in the last two months. That is, they are scooping up KOSDAQ stocks and dumping KOSPI stocks.<table class="table table-striped"><colgroup></colgroup><tbody><tr><td>(Shares, ₩)</td><td colspan="2">KOSDAQ</td><td colspan="2">KOSPI</td></tr><tr><td></td><td>Net trade volume</td><td>Net trade value</td><td>Net trade volume</td><td>Net trade value</td></tr><tr><td>Jan - July</td><td>-26,469,863</td><td>+2,036,022,065,002</td><td>303,361,818</td><td>+8,724,829,647,120</td></tr><tr><td>Aug</td><td>11,853,686</td><td>+276,445,341,427</td><td>15,985,082</td><td>-1,875,161,062,234</td></tr><tr><td>Sep</td><td>18,014,568</td><td>+535,789,044,679</td><td>-20,254,807</td><td>-1,589,880,870,918</td></tr><tr><td colspan="5">Source: KRX</td></tr></tbody></table>

Last month, foreign investors went on a buying spree in the Korea's second largest stock market, KOSDAQ. In contrast, they went on a selling spree in the Korea's largest stock market, KOSPI during the same period. This is very interesting since these foreign investors seem to be thinking that NPS initiated passive investing paradigm might have come to an end. In fact, foreign investors net purchased ₩536bil worth of KOSDAQ stocks in Sep alone. This is more than one fourth of their total net purchase from Jan to July. However, they net sold a total of ₩3.465tril worth of KOSPI stocks in the last two months. It seems clear that foreign investors' appetite has changed drastically in the last two months. That is, they are scooping up KOSDAQ stocks and dumping KOSPI stocks.(Shares, ₩)KOSDAQKOSPINet trade volumeNet trade valueNet trade volumeNet trade valueJan - July-26,469,863+2,036,022,065,002303,361,818+8,724,829,647,120Aug11,853,686+276,445,341,42715,985,082-1,875,161,062,234Sep18,014,568+535,789,044,679-20,254,807-1,589,880,870,918Source: KRX

Foreign Investors Vs. Local Institutions in Korean Stock Market - Who Is Right?

South Korea

Ecopro Co., Ltd. specializes in developing chemical absorbent and NDC (Nano Carbon Ball) in the field of environmental materials for the prevention of air pollution.  The Company's products include environment-related chemical filters, second battery materials, and CO catalyst.

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Ecopro Co Ltd (086520 KS)

KOSDAQ's Bullish Run - Main Drivers & Stocks to Pick

KOSDAQ is getting really hot. Over the past three months, KOSDAQ index climbed 22.89% by 145.31 points from 642.11 on Aug 17 to 780.22 today on Nov...

Sanghyun Park

Foreign Investors Vs. Local Institutions in Korean Stock Market - Who Is Right?

Last month, foreign investors went on a buying spree in the Korea's second largest stock market, KOSDAQ. In contrast, they went on a selling spree...

Sanghyun Park

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52-week Range

Market Cap (USDm)

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