Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Event-Driven

The KRX has announced another special change to the KOSDAQ150 index. This time <a href="https://www.smartkarma.com/entities/nexen-tech-corp" target="_blank" rel="noopener" data-smartkarma-citation="entities:1356:1">Nexen Tech Corp (073070 KS)</a> <a href="https://www.smartkarma.com/entities/seohee-construction-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:19217:1"></a>will be deleted from the index after being designated as an 'Investment Precaution Issue' and <a href="https://www.smartkarma.com/entities/danawa-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:7191:1">Danawa Co Ltd (119860 KS)</a> <a href="https://www.smartkarma.com/entities/vitzrocell-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:4885:1"></a>will be included in the index. The changes are effective 27 March, so all passive funds will need to trade at the closing auction the day after tomorrow, 26 March.We had highlighted the potential deletion of <a href="https://www.smartkarma.com/entities/nexen-tech-corp" target="_blank" rel="noopener" data-smartkarma-citation="entities:1356:1">Nexen Tech Corp (073070 KS)</a> early this morning in a discussion to our Insights that were published yesterday.We estimate 0.93 days of average volume to sell on <a href="https://www.smartkarma.com/entities/nexen-tech-corp" target="_blank" rel="noopener" data-smartkarma-citation="entities:1356:1">Nexen Tech Corp (073070 KS)</a> and 4.45 days of average volume to buy on <a href="https://www.smartkarma.com/entities/danawa-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:7191:1">Danawa Co Ltd (119860 KS)</a>. Given there are 2 trading days to implementation, the stocks could move a fair bit between now and then.There were big moves today in stocks that are being included in/ excluded from the KOSDAQ150 this week, and we believe these stocks will follow the same pattern.

The KRX has announced another special change to the KOSDAQ150 index. This time Nexen Tech Corp (073070 KS) will be deleted from the index after being designated as an 'Investment Precaution Issue' and Danawa Co Ltd (119860 KS) will be included in the index. The changes are effective 27 March, so all passive funds will need to trade at the closing auction the day after tomorrow, 26 March.We had highlighted the potential deletion of Nexen Tech Corp (073070 KS) early this morning in a discussion to our Insights that were published yesterday.We estimate 0.93 days of average volume to sell on Nexen Tech Corp (073070 KS) and 4.45 days of average volume to buy on Danawa Co Ltd (119860 KS). Given there are 2 trading days to implementation, the stocks could move a fair bit between now and then.There were big moves today in stocks that are being included in/ excluded from the KOSDAQ150 this week, and we believe these stocks will follow the same pattern.

KOSDAQ150 Rebalance: Another Big Change to Be Implemented This Week

South Korea

Connectwave Co., Ltd. operates as an online shopping portal site. The Company provides price comparing and shopping information providing service. Connectwave also generates income from advertisement.

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Connectwave (119860 KS)

KOSDAQ150 Rebalance: Another Big Change to Be Implemented This Week

The KRX has announced another special change to the KOSDAQ150 index. This time Nexen Tech Corp (073070 KS) will be deleted from the index after...

Brian Freitas

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