April 21, 2024
Finance
KOSPI least volatile stock index in 2016
[THE INVESTOR] The volatility of South Korea’s main stock index has ranked the lowest among major countries this year, data showed on Dec. 23.
The volatility of the benchmark KOSPI’s monthly rate of return came to 1.87 this year, the lowest level among the stock indexes of 17 countries, according to the data by the Korea Exchange and Shinhan Investment.
South Korea lagged far behind other emerging markets, with the number for China reaching 8.45. Comparable figures were 8.38 for Brazil, 5.09 for Russia and 4.94 for India.
A small number indicates that a stock market has neither risen nor fallen greatly. The key index has long remained in a range of 1,800-2,000 this year.
The main stock market’s lack of vitality is vindicated by a plunge in trading volume and turnover. The cumulative trading volume tumbled 20 percent on-year to 904 million shares as of Dec. 20, with the turnover sinking 18 percent to 1,091 trillion won (US$910 billion).
With the bourse losing momentum, the benchmark index has posted a poor return. The KOSPI’s yearly rate of return stood at 3.7 percent this year, 11th-highest among the 17 nations.
(theinvestor@heraldcorp.com)
The volatility of the benchmark KOSPI’s monthly rate of return came to 1.87 this year, the lowest level among the stock indexes of 17 countries, according to the data by the Korea Exchange and Shinhan Investment.
South Korea lagged far behind other emerging markets, with the number for China reaching 8.45. Comparable figures were 8.38 for Brazil, 5.09 for Russia and 4.94 for India.
A small number indicates that a stock market has neither risen nor fallen greatly. The key index has long remained in a range of 1,800-2,000 this year.
The main stock market’s lack of vitality is vindicated by a plunge in trading volume and turnover. The cumulative trading volume tumbled 20 percent on-year to 904 million shares as of Dec. 20, with the turnover sinking 18 percent to 1,091 trillion won (US$910 billion).
With the bourse losing momentum, the benchmark index has posted a poor return. The KOSPI’s yearly rate of return stood at 3.7 percent this year, 11th-highest among the 17 nations.
(theinvestor@heraldcorp.com)
