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Shares of RIFA Co., Ltd. (KRX:000760) aftermost traded at 19850, apery a move of 2.58%, or 500 per share, on aggregate of 993 shares. Afterwards aperture the trading day at 19300, shares of RIFA Co., Ltd. traded in a abutting range. RIFA Co., Ltd. currently has a absolute float of 2.80M shares and on boilerplate sees 910 shares barter easily anniversary day. The banal now has a 52-week low of 17300 and aerial of 31200.
KOSPI: Building Up South Korean Economy
One of the fastest growing economies in Asia is that of South Korea. RIFA Co., Ltd. and added companies adopt to be the connected associates of its trades. The country is home to not aloof a acute tourism industry but additionally to a advancing accumulated sector. Frankly speaking, it has a bound acquaintance in the civic disinterestedness bazaar advanced compared to added nations such as Japan and China. Nonetheless, this does not absolute South Korea’s potentials and abiding prospects.
South Korean Trade and Commerce
Trade and business in South Korea is aloof as aggressive as it can get in bigger nations with bigger economies. Reliability of RIFA Co., Ltd. acquire it abode central the market. That is all acknowledgment to the Korea Barter (KRX).
The KRX is composed of three divisions: the Derivatives Bazaar Division, the KOSDAQ Bazaar Division, and the Banal Bazaar Division.
The Banal Bazaar Division of the KRX is area all about traded companies are listed. Tracking their corresponding performances is the Korea Composite Banal Price Basis (KOSPI).
The KOSPI was aboriginal appear in 1983 but its abject date goes aback as aboriginal as 1980. It monitors all about traded companies listed on the Banal Bazaar Division of the KRX as a market-capitalization-weighted index. The abject amount is 100.
With added than 700 components, the KOSPI had to be disconnected into sub-indices for bigger indication. These sub-indices are the KOSPI 200, the KOSPI 100, and the KOSPI 50. These admeasurement the top 200, top 100, and top 50 companies listed on the Banal Bazaar Division of the KRX, respectively. A banal 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 anatomy allows RIFA Co., Ltd. to accept added investors.
The KOSPI had accomplished its best low of 93.10 in January 1981. Decades later, it had accomplished its best aerial of 2,228.98 in May 2011, four years afterwards it had aboriginal affected the 2,000 mark.
The KOSPI had its bigger one-day billow on June 17, 1998. It had risen 8.50% or 23.81 as the South Korean abridgement healed from the repercussions of the banking crisis in Asia, which had abiding from Thailand.
On the added hand, its bigger one-day bead had happened on September 12, 2001, a day afterwards the accompanying building in the US had been attacked. The tragedy had acquired all-around abridgement agitation as investors afraid amidst the threats.
The KOSPI 200 currently accounts for about 70% of the all-embracing bazaar assets on the Banal Bazaar Division of the KRX. It has an best low of 31.96, which was aftermost apparent in June 1998; an best aerial of 100, which was aftermost apparent in April 2007.
Asia is broadly accepted to annual for added than division of the all-around banking abundance by 2019. This is why investors are attractive advanced to advance in arch Asian countries with the capabilities to apprehend abiding prospects. They analysis the clamminess of RIFA Co., Ltd..
There is no bigger time to access the South Korean disinterestedness bazaar than today. At a time back the Asian abridgement is abscess with massive bread-and-butter assets beyond arch countries, it is alone ideal for investors to bet on the South Korean economy.
RIFA Co., Ltd. produces and sells dyestuffs in South Korea and internationally. The aggregation has bazaar cap of $55.58 billion. The close offers acknowledging dyestuffs for cotton; banish dyestuffs for polyester, acetate, and nylon; acid/acid fast dyestuffs for nylon, wool, leather, and fur; absolute dyestuffs for cotton, cardboard and pulp, and leather; basic/cationic dyestuffs for acryl, paper, and leather; beaming dyestuffs for cotton, wool, acryl, nylon, polyester, and paper; and sulphur dyestuffs. It currently has abrogating earnings. It additionally provides asleep chemicals consisting of aluminum oxide, ammonium chloride, barium carbonate, barium chloride, boric acid, hydrogen peroxide, magnesium oxide, phoshoric acid, sebacic acid, sodium bisulphite, sodium hydrosulphite, sodium nitrate, sodium sulphate, sodium sulphide, sodium sulphite(an), sodium tripoly phoshate, sodium thiosulfate(hypo), and sulphamic acid.