Active Short-Term Trading on KOSDAQ... This Month's Trading Value Exceeds 80% of Market Cap

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[Asia Economy Reporter Geum Bo-ryeong] This month, the trading volume in the KOSDAQ market exceeded 80% of the total market capitalization, which is analyzed to be due to a surge in short-term trading.

According to the Korea Exchange on the 30th, as of the 27th, the market capitalization turnover rate of the KOSDAQ market this month was 84.2%. The market capitalization turnover rate is the ratio of trading volume to market capitalization. The turnover rate for KOSPI was 18.1%.

This month's figure has significantly increased compared to the monthly turnover rate of 45.1% in January this year. Considering this, it can be seen that there was active stock trading in the KOSDAQ market this month. On the 27th, the trading volume in the KOSDAQ market reached 20.6 trillion won, breaking the record for the second consecutive day following the previous day.

It is analyzed that short-term trading increased in related theme stocks due to the resurgence of the novel coronavirus infection (COVID-19). KB Securities' Small Cap Team explained, "Last week, due to the worsening COVID-19 situation and the Bank of Korea's downward revision of the economic growth forecast, theme-based rotation continued in the KOSDAQ market."

In the case of Ilsin Bio, which ranks first in stock turnover rate in the KOSDAQ market, trading volume surged as it was mentioned as a COVID-19 plasma treatment-related stock. The company's stock turnover rate this month was recorded at 1492.8%. This means that the trading volume during this period was about 15 times the number of listed shares.

This content was produced with the assistance of AI translation services.