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

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Why Would Kakao Bank/Krafton's KOSPI 200 Fast Entry Float Estimations Be Such an Extraordinary Task?

Kakao Bank Passive Flow Tracking Ahead of MSCI & KOSPI 200 Implementations

Local Retail-Led Momentum Trading Today, Preemptively Reflecting Kakao Bank's Earnings Release

MSCI's Fairly Arbitrary Float Judgment on Kakao Bank, & Potentially Krafton as Well?

Krafton IPO Trading - Relatively Weaker Demand and Uncertainty Surrounding MSCI Inclusion

A Mismatch Between Krafton Immediate Float & Passive Inflow Quantity

The Blockchain Delusion. A (Mostly) Bearish Investment Thesis.

Gravity Works As WeWork Doesn't; Now Plan B

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Equity Capital Markets

<p>Krafton is showing a roller coaster share price this morning on its first trading day.</p><div class="content-highlight"><p><strong>As soon as the trading started, Krafton's stock price fell below ₩403,500, triggering a downward static VI (volatility interruption). And as the stock price rose sharply back to ₩480,000 within 4 minutes of the start of trading, triggering an upward static VI.</strong></p></div><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/223/035/original/2.png?1628565638" class="editor-image img-responsive" data-smartkarma-image-id="223035"></figure><p></p></section><p>The starting price was set at ₩448,500, down 9.94% from the offering price of ₩498,000. And today's high was ₩480,00 (-3.61% from the offering price), and the low was ₩400,500 (-19.58%).</p><table class="table table-striped">
<colgroup>
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='{"1":2,"2":"Kakao Bank today"}'>Kakao Bank today</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Price"}'>Price</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Market cap"}'>Market cap</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"From the offering price"}'>From the offering price</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Offering price"}'>Offering price</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":498000}' data-sheets-numberformat='[null,4,"[$₩-412]#,##0"]'>₩498,000</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":24.35123886}' data-sheets-numberformat='[null,2,"₩#,##0.00T",1]' data-sheets-formula="=R[0]C[-1]*R1C5/1000000000000">₩24.35T</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"-"}'>-</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Opening price"}'>Opening price</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":448500}' data-sheets-numberformat='[null,4,"[$₩-412]#,##0"]'>₩448,500</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":21.930784395}' data-sheets-numberformat='[null,2,"₩#,##0.00T",1]' data-sheets-formula="=R[0]C[-1]*R1C5/1000000000000">₩21.93T</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":-0.09939759036144578}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[0]C[-2]-R2C2)/R2C2">-9.94%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Daily high"}'>Daily high</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":480000}' data-sheets-numberformat='[null,4,"[$₩-412]#,##0"]'>₩480,000</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":23.4710736}' data-sheets-numberformat='[null,2,"₩#,##0.00T",1]' data-sheets-formula="=R[0]C[-1]*R1C5/1000000000000">₩23.47T</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":-0.03614457831325301}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[0]C[-2]-R2C2)/R2C2">-3.61%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Daily low"}'>Daily low</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":400500}' data-sheets-numberformat='[null,4,"[$₩-412]#,##0"]'>₩400,500</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":19.583677035}' data-sheets-numberformat='[null,2,"₩#,##0.00T",1]' data-sheets-formula="=R[0]C[-1]*R1C5/1000000000000">₩19.58T</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":-0.19578313253012047}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[0]C[-2]-R2C2)/R2C2">-19.58%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Current"}'>Current</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":437500}' data-sheets-numberformat='[null,4,"[$₩-412]#,##0"]'>₩445,500</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":21.392905625}' data-sheets-numberformat='[null,2,"₩#,##0.00T",1]' data-sheets-formula="=R[0]C[-1]*R1C5/1000000000000">₩21.74T</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":-0.1214859437751004}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[0]C[-2]-R2C2)/R2C2">-12.15%</td>
</tr>
<tr><td colspan="4" rowspan="1" data-sheets-value='{"1":2,"2":"Source: KRX"}'>Source: KRX</td></tr>
</tbody>
</table>

Krafton is showing a roller coaster share price this morning on its first trading day.As soon as the trading started, Krafton's stock price fell below ₩403,500, triggering a downward static VI (volatility interruption). And as the stock price rose sharply back to ₩480,000 within 4 minutes of the start of trading, triggering an upward static VI.The starting price was set at ₩448,500, down 9.94% from the offering price of ₩498,000. And today's high was ₩480,00 (-3.61% from the offering price), and the low was ₩400,500 (-19.58%).








Kakao Bank today
Price
Market cap
From the offering price


Offering price
₩498,000
₩24.35T
-


Opening price
₩448,500
₩21.93T
-9.94%


Daily high
₩480,000
₩23.47T
-3.61%


Daily low
₩400,500
₩19.58T
-19.58%


Current
₩445,500
₩21.74T
-12.15%

Source: KRX



Krafton

Krafton's Share Price Movement Today