With the Financial Times Stock Exchange (FTSE) index rebalancing set for the 20th, stocks slated for inclusion were strong early on the 17th.
As of 9:36 a.m., APR was trading at 350,500 won, up 22,000 won (6.70%) from the previous session. It climbed to as high as 353,500 won intraday, marking a 1-year high.
APR, which had been included in the FTSE small-cap segment, is set to be promoted to mid-cap this time. ABL Bio (4.76%), Rainbow Robotics (3.47%), and ISU Petasys (3.31%), which are also being promoted, were strong as well.
Ko Kyung-beom of Yuanta Securities Korea said, "Attention should be paid to the fact that the rebalancing effect is highest for the group of stocks promoted to mid-cap in this periodic change," noting that "up to 178 billion won in buy-side demand will flow in."
While the rebalancing effect is smaller than for mid-caps, 17 stocks were newly added to the small-cap index: ◇ OliX Pharmaceuticals ◇ ROBOTIS ◇ Orum Therapeutics ◇ SPG ◇ Seers Technology ◇ Taesung ◇ Qurient ◇ Hyulim Robot ◇ Jeju Semiconductor ◇ Curiox Biosystems ◇ G2GBIO ◇ AprilBio ◇ HJ Shipbuilding & Construction ◇ Wonik Holdings ◇ ROKIT Healthcare ◇ Inventage Lab ◇ Clobot.