Hyundai Marine & Fire Insurance Co., Ltd (001450) Declines -2.13% on Aug 31

August 31, 2017 - By Clifton Ray

Shares of Hyundai Marine & Fire Insurance Co., Ltd (KRX:001450) last traded at 45900, representing a move of -2.13%, or -1000 per share, on volume of 84,760 shares. After opening the trading day at 46450, shares of Hyundai Marine & Fire Insurance Co., Ltd traded in a close range. Hyundai Marine & Fire Insurance Co., Ltd currently has a total float of 79.74 million shares and on average sees 242,597 shares exchange hands each day. The stock now has a 52-week low of 29700 and high of 49700.

How KOSPI Transforms South Korea Into A Global Leader

One of the leading economies backing the immense growth of the Asian economy is that of South Korea. The country has long been proven itself as a valuable asset in driving growth and maximizing potentials in the long run. It is not easy for companies to get there, but as Hyundai Marine & Fire Insurance Co., Ltd shows it is possible. Its rich and healthy equity market is only one of the many proofs of South Korea’s capabilities.

About the KOSPI

The Korea Composite Stock Price Index (KOSPI) is the benchmark, market-capitalization-weighted index in South Korea. Hyundai Marine & Fire Insurance Co., Ltd is inside KOSPI register. First published in 1983, it has replaced the Korea Composite Stock Price Index (KCSPI), which was like the Dow Jones Industrial Average (DJIA) of the US equity market.

The KOSPI has a base value of 100 points— the base date being January 4, 1980. It measures companies listed on the Stock Market Division of the Korea Exchange (KRX) based on market capitalization. The KRX is one of the biggest stock exchanges in Asia, boasting with a total market capitalization of $1.20 trillion as of January 2015.

With hundreds of components, the KOSPI had to be divided into several, smaller sub-indices to provide a clearer real-time representation of the South Korean equity market. These sub-indices include the KOSPI 200, which tracks the top 200 companies on the Stock Market Division of the KRX; the KOSPI 100, which tracks the top 100 companies; and the KOSPI 50, which tracks the top 50 companies. Because of its broad nature, the KOSPI 200, which represents about 70% of the total market capitalization on the Stock Market Division of the KRX, shares the same movement with the KOSPI at most times.

Perfect liquidity made it easier for Hyundai Marine & Fire Insurance Co., Ltd to get there. A stock needs to be included in the KOSPI 200 before becoming eligible for inclusion in the KOSPI 100. Similarly, it needs to be included in the KOSPI 100 before becoming eligible for inclusion in the KOSPI 50.

KOSPI Performance

The KOSPI had posted its biggest one-day gain of 8.50% or 23.81 points on June 17, 1998. This is largely attributed to the recovery of the Asian economy following the massive financial crisis that had begun in Thailand.

Meanwhile, the KOSPI had posted its biggest one-day decline of 12.02% or 64.97 points on September 12, 2001. This is widely attributed to the bombing of the twin towers in the US on September 11, 2001, a tragedy that had affected the global economy by causing widespread panic among investors.

The KOSPI holds an all-time low of 93.10 points, which was last seen in January 1981; and an all-time high of 2,228.98 points, which was last seen in May 2011. It had first hit the 2,000-point mark on July 24, 2007, a year before the 2008 Global Financial Crisis broke out.

In 2014, Asia had accounted for about 24% of global financial wealth. In five years time from then, the region is anticipated to represent 26% of global financial wealth. Investing in the healthy South Korean equity market is likely healthy for investors. By doing so, they can expect to reap gains from the Asian economy bloom. They can also check the benefits of Hyundai Marine & Fire Insurance Co., Ltd.

More notable recent Hyundai Marine & Fire Insurance Co., Ltd (KRX:001450) news were published by: Businesswire.com which released: “AM Best Revises Outlooks to Negative for Hyundai Marine & Fire Insurance Co., Ltd.” on June 30, 2017, also Insurancejournal.com with their article: “AM Best Downgrades Ratings of China’s Hyundai Insurance After Tianjin Blast” published on February 18, 2016, Businesswire.com published: “AM Best Affirms Ratings of Hyundai Marine & Fire Insurance Co., Ltd. and Its …” on June 12, 2015. More interesting news about Hyundai Marine & Fire Insurance Co., Ltd (KRX:001450) were released by: Businesswire.com and their article: “AM Best Affirms Ratings of Hyundai Marine & Fire Insurance Co., Ltd.” published on June 10, 2016 as well as Insurancejournal.com‘s news article titled: “Top 10 US Aircraft Insurers: SNL” with publication date: July 11, 2013.

HYUNDAI MARINE & FIRE INSURANCE CO., LTD. is a Korea firm principally specialized in the non-life insurance business. The company has market cap of $. The Firm provides fire insurance, marine insurance, automobile insurance, guaranteed insurance, overseas accident insurance, long-term insurance and annuities, as well as pension insurance, engineering insurance, liability insurance, casualty insurance and others. It has a 7.4 P/E ratio.

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