NextTrade to Exclude 32 Stocks from Q3 Eligible Trading List... No New Additions

NextTrade will exclude 32 stocks from its list of eligible trading stocks during this year's third-quarter regular adjustment. No new stocks will be added.

Yonhap News Agency

According to the financial investment industry and NextTrade on June 26, a total of 32 stocks—including 20 KOSPI stocks and 12 KOSDAQ stocks—will be removed from NextTrade's list of eligible trading stocks starting from the pre-market session on July 1.

According to information released on NextTrade's website, large-cap stocks such as LG CNS, Korean Air, SAMSUNG E&A, Kakao, and Hanwha Solutions are among those to be excluded from the KOSPI.

In the KOSDAQ market, 12 stocks including Daemyung Energy, Wonik IPS, Kakao Games, and Hyundai Movex will be excluded from the list of eligible trading stocks.

As a result, the number of stocks eligible for trading on NextTrade in the third quarter will be adjusted to 610 in total, comprising 338 KOSPI stocks and 272 KOSDAQ stocks. Most of the existing eligible stocks, including Samsung Electronics and Alteogen, will remain on the list in the third quarter.

There will be no newly added stocks in this regular adjustment. The adjustment was made by excluding certain stocks to manage regulatory limits due to increased trading volume. The current Enforcement Decree of the Capital Markets Act stipulates that the average daily trading volume of an alternative trading system over the past six months must not exceed 15% of the Korea Exchange (KRX)'s average daily trading volume.

Since its launch in March last year, NextTrade has seen a rapid increase in trading volume as domestic stock market activity has intensified. According to NextTrade, its market share based on trading volume exceeded 20% for the day as of June 12. Previously, in the first-quarter regular adjustment this year, NextTrade both included and reinstated certain stocks while excluding 152 stocks to manage trading volume limits. In this third-quarter adjustment, stocks were only excluded, with no new additions.

NextTrade stated, "Due to the recent increase in the trading volume ratio, we have excluded certain stocks to ensure long-term and stable compliance with regulatory limits," adding, "We will continue to minimize changes to the list of eligible trading stocks while maintaining stable management of trading volume limits."

This content was produced with the assistance of AI translation services.