In the third quarter of this year, the total market capitalization of listed companies was tallied to have increased by about 331 trillion won. As share prices rose mainly among large-cap stocks including Samsung Electronics and SK hynix, the total market cap grew, but more than half of individual stocks actually fell.
On the 9th, a Korea CXO Institute analysis of price changes in 2,765 stock issues listed on Kospi, Kosdaq, and Konex (excluding preferred shares) showed these results.
As of the end of September, the domestic market capitalization totaled 3,187 trillion won, up 11.6% from the end of Jun. (2,856 trillion won). However, 1,478 stocks, more than half of those surveyed, saw their market cap decline. This is interpreted as a phenomenon driven by gains centered on large caps.
Samsung Electronics, the No. 1 company by market cap, saw its market capitalization rise about 40% during this period, from 353.9943 trillion won to 496.6576 trillion won. SK hynix, No. 2 by market cap, also saw its market capitalization increase by 40.4041 trillion won during this period.
In addition, Hanwha Aerospace rose 16.9735 trillion won, LG Energy Solution 11.8170 trillion won, and Hanwha Ocean 9.4681 trillion won, among others, showing strength. Among corporations with a market cap of 1 trillion won or more, HJ Shipbuilding & Construction posted the steepest gains, rising 252.2% during this period.
By contrast, decliners included Doosan Enerbility (3.6511 trillion won), KRAFTON (3.3402 trillion won), and KakaoBank (2.9811 trillion won).
O Il-seon, head of the Korea CXO Institute, said, "In the third quarter, stocks related to pharmaceuticals, shipbuilding, secondary batteries, electronics, and semiconductors performed strongly," and noted, "For construction, information and communications, and retail-related sectors, many corporations saw their market cap fall."