What is the current trading value on KONEX?

The average daily trading value on KONEX has fallen to 1.245 billion Korean won this month.

Why are KONEX stocks experiencing trading halts?

Some KONEX stocks are halted due to abnormal price surges driven by low liquidity and a lack of trading volume.

How many KONEX stocks have no trading activity?

Currently, 23 stocks on the KONEX market have shown no trading activity at all.

Home / Business and Economy / KONEX Liquidity Crisis: Trading Value Plummets, Stocks Idle

KONEX Liquidity Crisis: Trading Value Plummets, Stocks Idle

23 Dec

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Summary

Average daily trading value on KONEX fell to 1.245 billion won this month.
23 KONEX stocks have experienced zero trading activity recently.
A stock surged 279% with zero trading volume, leading to trading halts.

KONEX Liquidity Crisis: Trading Value Plummets, Stocks Idle

The KONEX market is experiencing a significant liquidity crunch, with average daily trading value dropping to 1.245 billion Korean won this month, a stark contrast to previous years. This decline is exacerbated by a growing number of stocks with virtually no trading activity, including 23 that have seen zero transactions.

This lack of liquidity is creating market distortions. For instance, one stock experienced a 279% price surge despite having no recorded trading volume since its listing. This phenomenon, driven by an imbalance of buy bids without corresponding sell asks, resulted in the stock being designated an investment warning and led to a one-day trading suspension.

The overall trend shows a continuous decrease in KONEX's average daily trading value since 2021. The Korea Exchange is observing an increasing number of stocks with extremely low daily trading volumes, raising concerns about the market's health and stability.