All data are based on the daily closing price as of May 23, 2024
DAILY MARKET WRAP

JAKOTA Stocks on November 6, 2023

Japan
South Korea
Taiwan
e 247540.KQ e 086520.KQ k 001570.KO p 003670.KO e 383310.KQ k 9107.TSE y 9831.TSE q 3034.TSE p 087010.KQ n 1332.TSE
Blue Chip 150
Mid and Small Cap 2000
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Monday, November 6th, saw robust gains in the Asia-Pacific stock market, with Japan's Nikkei 225 surging by 2.4%, the KOSPI Composite Index in South Korea recording a remarkable 5.7% increase, and Taiwan's TWSE showing a modest uptick of 0.86%. Major indices, including JAKOTA Blue Chip 150 and Mid and Small Cap 2000, also displayed positive trends.

Regional Rally: Nikkei 225 and KOSPI Soar as Taiwan and JAKOTA Indices Show Solid Gains

Japan (Nikkei 225 Index – NIK): Japanese shares soared, with the Nikkei 225 Index gaining a substantial 2.4%, closing at 32,708.48. The robust performance in Japan contributed to the positive sentiment in the region.

South Korea (KOSPI Composite Index): The KOSPI Composite Index of South Korean stocks saw a remarkable increase of 5.7%, reaching 2,502.37. The strong momentum in South Korea’s market added buoyancy to the overall Asia-Pacific landscape.

Taiwan (TWSE Index): Taiwan’s stock market experienced a modest uptick, with the TWSE closing at 16,649.36, reflecting a gain of 0.86%. The market in Taiwan contributed to the overall positive trend in the region.

Major blue-chip stocks exhibited strength as the JAKOTA Blue Chip 150 Index increased by 1.59% to 112.17 USD, contributing to the overall market equilibrium.

JAKOTA Mid and Small Cap 2000 Index demonstrated positive market dynamics, rising by 1.66% to 107.12 USD. This indicated favorable conditions for mid and small-cap stocks in the regional market.

Top Gainers:

  • Ecopro BM (247540.KQ) emerged as a top gainer, posting a significant gain of 30.51% to 221.37 USD. Ecopro Company held a General Meeting on Monday and presented its results leading to positive sentiment among investors.
  • Ecopro (086520.KQ) demonstrated robust growth, with a gain of 30.49% to 613.03 USD. The company’s positive movement reflected market dynamics after Ecopro Parent company presented its results during the General Meeting as well as a Report on the mass holding situation of stocks.
  • Kumyang (001570.KO) showcased notable growth, posting a gain of 30.48% to 88.62 USD. The company announced last week their plans to propose a change in the Articles of Incorporation to increase the issuance limit of convertible bonds and new shareholder acquisition rights bonds at the extraordinary shareholders’ general meeting to be held on the 14th of next month.
  • POSCO Chemical (003670.KO) recorded a substantial gain of 30.43% to 258.76 USD. Investors closely monitored the company’s performance after the Q3 results were published on October 24th and the company achieved A Grad in ESG Evaluation later on October 27th leading to a positive performance throughout the upcoming weeks.
  • Ecopro HN (383310.KQ) rounded out the top gainers with a gain of 29.24% to 58.71 USD. The company’s positive performance added to the overall upbeat sentiment in the market, after its parent company held a general meeting.

Top Losers:

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