Kospi is sluggish, bitcoin flies away… Has liquidity shifted

SK Basa subscription analysis… Smaller subscription is better

On the 22nd, dealers are looking at a computer monitor in a dealing room at Hana Bank in Jung-gu, Seoul. yunhap news

Kospi stayed in the second zone The KOSPI was on the rise until last month, but this month, the trading value has declined.

According to the Korea Exchange, on the 22nd, KOSPI closed at 3035.46, down 4.07 points (0.13%) from the previous trading day. On this day, KOSPI started at 3040.01, up 0.48 points (0.02%) from the previous trading day, and stayed in the consolidation zone.

In the securities market, individuals net bought 579.9 billion won. Foreigners and institutions net sold 5471 billion won and 32.9 billion won, respectively.

As of this month, the daily average transaction value of KOSPI was totaled at 15,204.7 billion won. Compared to January (26,4778 billion won) and February (19,954 billion won), the average daily trading value is 42.58% and 20.37% lower, respectively.

On the 15th, the daily transaction amount was 12,5809 billion won, the lowest this year. This is a reduction of 71.69% compared to 44,433.8 billion won on January 11, which recorded the largest KOSPI trading value this year.

The KOSDAQ closed at 955.38, up 3.27 points (0.34%) from the previous trading day. On the KOSDAQ, individuals and institutions net bought 51.3 billion won and 42.6 billion won, respectively. Foreigners net sold 101.6 billion won.

The bitcoin price is displayed on the price display board of Upbit Lounge, a cryptocurrency exchange located in Gangnam-gu, Seoul. yunhap news

On the other hand, the daily transaction value of 14 domestic cryptocurrency exchanges that support KRW trading was 18,785.5 billion won as of the 21st, exceeding the daily trading value of the KOSPI.

As the domestic stock market moves sideways, its attractiveness declines, and liquidity is shifting to the virtual currency market.

At the same time on this day, 1 bitcoin was traded for 68146,000 won on the cryptocurrency exchange Bithumb. On another exchange, Corbit, bitcoin was traded at 67823,000 won at the same time.

Meanwhile, SK Bioscience’s public offering stock offer was found to be more advantageous for small-sized investors to subscribe directly to the public offering stock fund with the introduction of an equal distribution system.

According to the financial investment industry, recently public offering funds have gained a valuation margin of around 0.3 to 7% depending on the type of operation due to the effect of listing on SK Bioscience.

On the 18th, the stock price graph of SK Bioscience, which was first listed on the KOSPI on the same day, is displayed on the Yonhap Infomax monitor in Jongno-gu, Seoul. yunhap news

On the 18th, on the first day of listing, SK Bioscience succeeded in raising the upper limit after the initial price was determined to be twice the public offering price, which was reflected in the fund base price the next day.

On the other hand, small investors showed higher rates of return compared to mobilized funds.

With the introduction of an equal distribution method for half of the share of the public offering shares from this year, individual investors who directly subscribed for the minimum subscription quantity of 10 shares could receive at least 1 share, excluding some organizers, even if they entrusted only 325,000 won margin.

The valuation gain per share that small subscribers earned on the first day of listing was 104,000 won, and the subscriber who received 6 weeks was able to earn a total valuation gain of 624,000 won on the first day. This is a return of 32% of the total margin.

Large investors, not small investors, were able to receive 5-7 shares of stock if they put 100 million won into a securities company as a margin in SK Bioscience’s general subscription. Even if they received 7 weeks, the margin-to-margin yield is 0.72% (valuation gain of 728,000 won).

Reporter Beomsoo Kim [email protected]

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