LG Household & Health Care Ltd. (051905) Soars 0.14% on Mar 15

March 15, 2018 - By Darrin Black

Shares of LG Household & Health Care Ltd. (KRX:051905) last traded at 705000, representing a move of 0.14%, or 1000 per share, on volume of 352 shares. After opening the trading day at 703000, shares of LG Household & Health Care Ltd. traded in a close range. LG Household & Health Care Ltd. currently has a total float of shares and on average sees 2,610 shares exchange hands each day. The stock now has a 52-week low of 480000 and high of 727000.

KOSPI: Building Up South Korean Economy

One of the fastest growing economies in Asia is that of South Korea. LG Household & Health Care Ltd. and other companies prefer to be the constant members of its trades. The country is home to not just a compelling tourism industry but also to a thriving corporate sector. Frankly speaking, it has a limited experience in the national equity market front compared to other nations such as Japan and China. Nonetheless, this does not limit South Korea’s potentials and long-term prospects.

South Korean Trade and Commerce

Trade and commerce in South Korea is just as competitive as it can get in bigger nations with bigger economies. Reliability of LG Household & Health Care Ltd. earn it place inside the market. That is all thanks to the Korea Exchange (KRX).

The KRX is composed of three divisions: the Derivatives Market Division, the KOSDAQ Market Division, and the Stock Market Division.

The Stock Market Division of the KRX is where all publicly traded companies are listed. Tracking their respective performances is the Korea Composite Stock Price Index (KOSPI).

The KOSPI was first published in 1983 but its base date goes back as early as 1980. It monitors all publicly traded companies listed on the Stock Market Division of the KRX as a market-capitalization-weighted index. The base value is 100.

With more than 700 components, the KOSPI had to be divided into sub-indices for better indication. These sub-indices are the KOSPI 200, the KOSPI 100, and the KOSPI 50. These measure the top 200, top 100, and top 50 companies listed on the Stock Market Division of the KRX, respectively. A stock cannot be included in both the KOSPI 100 and the KOSPI 50 if it is not included in the KOSPI 200. Similarly, it cannot be included in the KOSPI 50 if it is not included in the KOSPI 100. This structure allows LG Household & Health Care Ltd. to receive more investors.

Significant Figures

The KOSPI had attained its all-time low of 93.10 in January 1981. Decades later, it had attained its all-time high of 2,228.98 in May 2011, four years after it had first touched the 2,000 mark.

The KOSPI had its biggest one-day surge on June 17, 1998. It had risen 8.50% or 23.81 as the South Korean economy healed from the repercussions of the financial crisis in Asia, which had rooted from Thailand.

On the other hand, its biggest one-day drop had happened on September 12, 2001, a day after the twin towers in the US had been attacked. The tragedy had caused global economy turmoil as investors panicked amid the threats.

The KOSPI 200 currently accounts for about 70% of the overall market capitalization on the Stock Market Division of the KRX. It has an all-time low of 31.96, which was last seen in June 1998; an all-time high of 100, which was last seen in April 2007.

Asia is widely expected to account for more than quarter of the global financial wealth by 2019. This is why investors are looking forward to invest in leading Asian countries with the capabilities to realize long-term prospects. They check the liquidity of LG Household & Health Care Ltd..

There is no better time to enter the South Korean equity market than today. At a time when the Asian economy is swelling with massive economic gains across leading countries, it is only ideal for investors to bet on the South Korean economy.

More notable recent LG Household & Health Care Ltd. (KRX:051905) news were published by: Reuters.com which released: “BRIEF-LG Household & Healthcare to buy 80 pct stake in TAI GUK PHARM for 44.55 …” on November 02, 2017, also Reuters.com with their article: “BRIEF-LG Household & Healthcare to buy stake in Tai Guk Pharm for 85.07 bln won” published on February 13, 2018, Marketwatch.com published: “LG Household & Health Care Ltd.” on November 29, 2016. More interesting news about LG Household & Health Care Ltd. (KRX:051905) were released by: Barrons.com and their article: “LG Household & Health Care Loses Fizz” published on January 27, 2015 as well as Prnewswire.com‘s news article titled: “Farouk Systems, Inc. Partners with LG Household and Health Care, Ltd.” with publication date: November 29, 2016.

LG Household & Health Care Ltd. operates as cosmetics, household goods, and beverage firm in Korea and internationally. The company has market cap of $. The firm offers hair care products, such as shampoos, conditioners, and oil serum products; skin care products, including face and body washes, foams, lotions, and cleansers; oral care products comprising toothpastes, toothbrushes, mouthwashes, and whitening products; laundry products consisting of fabric softeners, detergents, vinegars, and baking soda, as well as tech wool dry products; cleaning products, such as bleaches and detergents, bathroom and kitchen cleaners, soaps, sprays, and dishwashing liquids; aromatic products; and baby and other products, including dermatologic diapers, hand washes, dish soaps, and bathroom and all-purpose cleaners, as well as shampoos/treatment products, cleansers/body moisturizers, laundry detergents, and fabric conditioner refreshing/attractive products. It currently has negative earnings. It also provides beauty products; and supplies soft drinks, juices, coffee and tea, sports drinks, drinking water, vitamin water, and other refreshing products.

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