MK Trend Co., Ltd. (069640) Is Yet to See Trading Action on Feb 14

February 14, 2018 - By Migdalia James

Shares of MK Trend Co., Ltd. (KRX:069640) closed at 10950 yesterday. MK Trend Co., Ltd. currently has a total float of 12.89 million shares and on average sees 83,151 shares exchange hands each day. The stock now has a 52-week low of 10250 and high of 14050.

How KOSPI Transforms South Korea Into A Global Leader

One of the leading economies backing the immense growth of the Asian economy is that of South Korea. The country has long been proven itself as a valuable asset in driving growth and maximizing potentials in the long run. It is not easy for companies to get there, but as MK Trend Co., Ltd. shows it is possible. Its rich and healthy equity market is only one of the many proofs of South Korea’s capabilities.

About the KOSPI

The Korea Composite Stock Price Index (KOSPI) is the benchmark, market-capitalization-weighted index in South Korea. MK Trend Co., Ltd. is inside KOSPI register. First published in 1983, it has replaced the Korea Composite Stock Price Index (KCSPI), which was like the Dow Jones Industrial Average (DJIA) of the US equity market.

The KOSPI has a base value of 100 points— the base date being January 4, 1980. It measures companies listed on the Stock Market Division of the Korea Exchange (KRX) based on market capitalization. The KRX is one of the biggest stock exchanges in Asia, boasting with a total market capitalization of $1.20 trillion as of January 2015.

With hundreds of components, the KOSPI had to be divided into several, smaller sub-indices to provide a clearer real-time representation of the South Korean equity market. These sub-indices include the KOSPI 200, which tracks the top 200 companies on the Stock Market Division of the KRX; the KOSPI 100, which tracks the top 100 companies; and the KOSPI 50, which tracks the top 50 companies. Because of its broad nature, the KOSPI 200, which represents about 70% of the total market capitalization on the Stock Market Division of the KRX, shares the same movement with the KOSPI at most times.

Perfect liquidity made it easier for MK Trend Co., Ltd. to get there. A stock needs to be included in the KOSPI 200 before becoming eligible for inclusion in the KOSPI 100. Similarly, it needs to be included in the KOSPI 100 before becoming eligible for inclusion in the KOSPI 50.

KOSPI Performance

The KOSPI had posted its biggest one-day gain of 8.50% or 23.81 points on June 17, 1998. This is largely attributed to the recovery of the Asian economy following the massive financial crisis that had begun in Thailand.

Meanwhile, the KOSPI had posted its biggest one-day decline of 12.02% or 64.97 points on September 12, 2001. This is widely attributed to the bombing of the twin towers in the US on September 11, 2001, a tragedy that had affected the global economy by causing widespread panic among investors.

The KOSPI holds an all-time low of 93.10 points, which was last seen in January 1981; and an all-time high of 2,228.98 points, which was last seen in May 2011. It had first hit the 2,000-point mark on July 24, 2007, a year before the 2008 Global Financial Crisis broke out.

In 2014, Asia had accounted for about 24% of global financial wealth. In five years time from then, the region is anticipated to represent 26% of global financial wealth. Investing in the healthy South Korean equity market is likely healthy for investors. By doing so, they can expect to reap gains from the Asian economy bloom. They can also check the benefits of MK Trend Co., Ltd..

More notable recent MK Trend Co., Ltd. (KRX:069640) news were published by: which released: “HansaeMK sees FY 2017 operating profit to be 13.4 bln won” on October 20, 2017, also with their article: “MKTrend to change name to Hansaemk” published on September 01, 2017, published: “MKTrend to pay annual dividend as 200 won/share for FY 2016” on February 15, 2017. More interesting news about MK Trend Co., Ltd. (KRX:069640) were released by: and their article: “HANSAE to buy 40 pct stake in MKTREND for 119 bln won” published on July 22, 2016 as well as‘s news article titled: “MK TREND declares annual cash dividend for 2015” with publication date: February 26, 2016.

MK Trend Co., Ltd. engages in the manufacture and distribution of women's and men's casual clothes in South Korea. The company has market cap of $141.18 billion. The firm sells its products under the brand names of TBJ, Andew, Buckaroo, and NBA. It currently has negative earnings. It serves teenagers and twenties comprising women and men in South Korea, China, Hong Kong, and the United States through various branches, agencies, and department stores.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: