KRX: Analysis On New Constituents Of KOSPI 200 For Last 4 Years

Designation as a KOSPI 200 constituent brought a positive impact to prices of the stocks concerned after the announcement. During the last 4 years, the average return rates of the newly selected constituents of KOSPI 200 for one week after the announcement were higher by 3.05%p compared to the return rate of the market. The trading volume and trading value of newly selected constituents have elevated since the announcement of new addition. During the last 4 years, the trading volume and the trading value of newly added constituents for one week after the announcement have increased by 83.4% and 98.06% respectively on average. On the other hand, the trading volume and the trading value of newly added constituents for one week after the regular rebalancing day have decreased by 52.82% and 51.66% respectively on average.
File	20150817_Analysis_on_New_Constituents_of_KOSPI_200.pdf