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Hyundai Hims surges 12.96% on news of inclusion in KOSDAQ150 index
After the news that Modern Hims was included in the KOSDAQ 150 index, the stock price surged significantly. This is a result of the periodic adjustment of index components and seems to have sent a positive signal to major investors.
The Korea Exchange decided to designate Hizen R&M as an investment caution item and remove it from the KOSDAQ 150 index, while including Modern Hims in the index. Following this announcement, Modern Hims’ stock price rose 12.96% from the previous trading day, closing at 22,400 KRW. After the market opened, due to expectations of its inclusion in the KOSDAQ 150 index, the stock price temporarily rose as much as 15.73%.
YuLi Investment Securities analyst Ko Kyung-pan predicts that the rebalancing buy demand generated by the index adjustment for Modern Hims will reach approximately 18 billion KRW. This is about 2.4 times its current trading volume. This figure is expected to further attract investor attention to Modern Hims.
This change in index composition is one of the main factors that increased investor interest in the KOSDAQ 150 index and directly contributed to the rise in Modern Hims’ stock price. Generally, being included in an index tends to increase institutional investors’ interest in the stock, and it is expected that Modern Hims’ position in the stock market will be strengthened.
In the future, whether Modern Hims can sustain additional upward momentum due to its inclusion in the KOSDAQ 150 index and attract more investor attention remains to be seen. This could likely become a factor influencing the overall market trend.