UbiVelox Inc (089850) Plunged -1.6% on Oct 14

October 13, 2017 - By wolcottdaily

Shares of UbiVelox Inc (KOSDAQ:089850) last traded at 9250, representing a move of -1.6%, or -150 per share, on volume of 24,739 shares. After opening the trading day at 9310, shares of UbiVelox Inc traded in a close range. UbiVelox Inc currently has a total float of 6.84 million shares and on average sees 20,313 shares exchange hands each day. The stock now has a 52-week low of 8900 and high of 12400.

KOSPI: A Powerful Indicator Of The Asian Economy

South Korea has one of the most progressive, fast-paced economies in Asia. It is an influential global leader that helps drive growth in the Asian economy. Leading abilities of South Korean market help UbiVelox Inc to attract more attention to its work. Without it, the region’s capacities are surely minimized.

One of the most important factors backing South Korea’s successful economy is the Korea Exchange (KRX), which boasts with over $1 trillion in total market capitalization. Despite being one of the youngest stock exchanges in Asia, it has already transformed the conduct of trade and commerce in South Korea. It brings foreign investors to UbiVelox Inc and other companies.

Stock Market Division of the KRX

Under the Korea Stock Exchange and Futures Exchange Act, the KRX is divided into three: 1) the Stock Market Division; 2) the KOSDAQ Market Division; and 3) the Derivatives Market Division. All publicly traded companies are listed on the Stock Market Division of the KRX.

The Korea Composite Stock Price Index (KOSPI), which was first published in 1983, is one of the main real-time economy indicators in South Korea as it tracks the performances of all the companies listed on the Stock Market Division of the KRX. That being said, the KOSPI had to be divided into several sub-indices. These include the KOSPI 50, which monitors the 50 most active stocks on the Stock Market Division of the KRX; the KOSPI 100, which monitors the 100 most active stocks; and the KOSPI 200, which monitors the 200 most active stocks out of more than 700 stocks. A stock can be included in the KOSPI 50 and the KOSPI 100 only if it is included in the KOSPI 200. At the same time, a stock can only be included in the KOSPI 50 if it is included in the KOSPI 100. UbiVelox Inc is inside the KOSPI trading operations.

The KOSPI tracks stocks on the Stock Market Division of the KRX based on market capitalization using the base value of 100. The base date is January 4, 1980. Similarly, the KOSPI 200, which represents roughly 70% of the total market valuation on the Stock Market Division of the KRX, monitors its components using the base value of 100. The base date is April 2007.

Historical Statistics

In January 1981, the KOSPI had reached its all-time low of 93.10 points. In May 2011, it had reached its all-time high of 2,228.98 points. On the other hand, in June 1998, the KOSPI 200 had reached its all-time low of 31.96 points; and in April 2007, it had reached its all-time high of 100 points.

When the Asian economy was recovering from the financial crisis that had started in Thailand, the KOSPI had recorded its largest one-day gain of 8.50% in June 1998. Meanwhile, after the 9/11 tragedy that had shaken the global economy, the KOSPI had recorded its largest one-day decline of 12.02% in September 2001.

By 2019, Asia is highly expected to account for 26% of the global financial wealth, demonstrating a 2% representation growth in just five years. The best way to bank on that fast-paced growth is to invest on stocks listed on the Stock Market Division of the KRX. Investors which work with UbiVelox Inc hope to find the best quality there.

More notable recent UbiVelox Inc (KOSDAQ:089850) news were published by: Businesswire.com which released: “Eidetic Marketing and THINKWARE Enter into Partnership to Take a Step Toward …” on April 12, 2016, also Reuters.com with their article: “Ubivelox to dispose treasury shares for 10 mln won” published on December 15, 2016, Reuters.com published: “UbiVelox receives patent” on November 01, 2016. More interesting news about UbiVelox Inc (KOSDAQ:089850) were released by: Reuters.com and their article: “UbiVelox announces change in shareholding structure” published on March 30, 2016 as well as Reuters.com‘s news article titled: “UbiVelox announces change in shareholding structure” with publication date: January 13, 2016.

UBIVELOX Inc is a Korea-based company mainly engaged in the development and provision of system software. The company has market cap of $65.82 billion. The Firm operates in two businesses: smart cards business and mobile business. It currently has negative earnings. The Company’s smart cards business develops and provides smart card operation systems, management systems and others for financial cards, universal subscriber identity module cards, transportation cards and others.

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 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:


Twitter Auto Publish Powered By : XYZScripts.com