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Bourse operator vows to develop diverse stock indices

All Headlines 17:30 July 05, 2018

SEOUL, July 5 (Yonhap) -- South Korea's bourse operator said Thursday it plans to come up with a variety of stock market indices this year as part of its ongoing effort to create more opportunities for investors.

The plan was announced during the Index Conference hosted by the Korea Exchange (KRX) in Seoul.

The forum, which is the sixth of its kind, brought some 150 local and international experts in the equity market -- including analysts from Samsung Securities Co.; S&P, a global ratings provider; and Natixis, a French investment bank -- to exchange the latest information on market indices, according to the KRX.

"By next month, we are to present the new KRX300 sector index," KRX official Lee Seong-gil said, pointing to a growing demand for cherry-picked baskets of stocks for such sectors as IT, financing and health care.

"More indices will be launched this year, along with diverse product lineups, which would create more chances in the market as a whole," he added.

In February, the operator presented the KRX300 index in a bid to revitalize the tech-laden KOSDAQ market. Last month, it also introduced the KRX Mid200 that tracks mid-cap shares.

This photo provided by the Korea Exchange shows participants at the Index Conference in Seoul on July 5, 2018. (Yonhap)

graceoh@yna.co.kr
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