Leading by Samsung Electronics and pushing by SK Hynix... Top 10 Market Cap Exceeds 950 Trillion Won

27 Trillion Won Surge in Just 3 Trading Days
Samsung Electronics Increased by 7.1637 Trillion Won, SK Hynix Rose by 9.1 Trillion Won
Top 10 Still Account for Half of KOSPI

[Asia Economy Reporter Song Hwajeong] Since the beginning of the year, the stock market has risen sharply, pushing the combined market capitalization of the top 10 KOSPI stocks to exceed 950 trillion won.

According to the Korea Exchange on the 7th, the total market capitalization of the top 10 KOSPI stocks based on the previous day's closing price reached 950.3857 trillion won. This is an increase of about 26.8 trillion won compared to 923.5972 trillion won at the end of last year, roughly equivalent to the market capitalization of the 10th-ranked Hyundai Mobis. In just three trading days, a company with the market cap size of the 10th place has emerged.

Among the top 10 stocks by market capitalization, the stock with the largest increase was Hyundai Mobis, which re-entered the top 10 this year. Hyundai Mobis rose three ranks from 13th at the end of last year to 10th. Its market capitalization increased by 10.96% compared to the end of the year.

SK Hynix's market capitalization increased by 9.1 trillion won, a 10.55% rise compared to the end of the year. As of 9:40 a.m. on the day, SK Hynix was trading at 134,500 won, up 4,000 won (3.05%) from the previous day, continuing a six-day consecutive upward trend. The previous day, it reached an intraday high of 137,000 won, setting a new record. Samsung Electronics' market cap increased by 7.1637 trillion won, a 1.48% rise. Samsung Electronics also hit a new all-time high with an intraday price of 84,500 won the previous day.

The rise of secondary battery-related stocks was notable. LG Chem and Samsung SDI saw their market caps increase by 8.01% and 8.28%, respectively, compared to the end of the year. Additionally, Hyundai Motor increased by 5.73%, and Kakao by 4.49%. On the other hand, Samsung Biologics (-1.09%), Celltrion (-1.53%), and Naver (NAVER, -0.85%) saw their market caps decline.

The proportion of the top market cap stocks in the overall KOSPI slightly decreased but still accounted for nearly half. As of the 6th, the top 10 stocks accounted for 46.49% of the total KOSPI, a slight drop from 46.63% at the end of last year. Samsung Electronics' share decreased from 24.42% to 24.01%, while SK Hynix's share expanded from 4.36% to 4.67%.

The competition among the top market cap stocks is expected to intensify further, especially for the 10th place. Although Hyundai Mobis currently holds the 10th spot, the gap with Samsung C&T, which was previously 10th, is only 877.3 billion won, with Samsung C&T's market cap at 26.0707 trillion won. The gap between Kia, which gave up the 10th place to Samsung C&T at the end of last year, and Samsung C&T is 857.1 billion won. Celltrion, Naver, and Samsung SDI are expected to compete for the 5th place. The market cap gap between 5th place Celltrion and 6th place Naver is only 85.4 billion won, while the gap between Naver and 7th place Samsung SDI is 876.4 billion won.

Samsung Electronics and SK Hynix are on the verge of surpassing 500 trillion won and 100 trillion won in market capitalization, respectively. SK Hynix, which recorded 95.3683 trillion won the previous day, exceeded 98 trillion won as its stock price rose about 3% on the day. Samsung Electronics also saw its market cap increase to 498 trillion won as its stock price rose more than 1%. With the semiconductor supercycle expected this year, the target stock prices for the two companies have been revised upward to a maximum of 110,000 won for Samsung Electronics and 170,000 won for SK Hynix.

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