Despite Domestic Stock Market Recovery... One out of Four KOSPI Stocks Declines in Price

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] Although the domestic stock market has recently shown signs of recovery, it was found that nearly one in four listed stocks on the Korea Composite Stock Price Index (KOSPI) market experienced a decline in stock prices. In the KOSDAQ market, one in five listed stocks saw their prices fall.

According to the Korea Exchange on the 21st, among the 937 listed stocks on the KOSPI market as of the 19th, 221 stocks (23.59%) had lower prices compared to those on the 6th of last month.

On the 6th of last month, the KOSPI recorded an annual low closing price of 2292.01, but it has since shown a recovery trend, closing at 2492.69 on the 19th of this month, marking an 8.76% increase. During the same period, in the KOSDAQ market, 308 out of 1565 stocks (19.68%) experienced price declines.

The stock with the largest price drop in the KOSPI market was Iljin Electric, which fell 24.47% from 7,560 won to 5,710 won. This was followed by KC Green Holdings (-23.03%), Shinsong Holdings (-20.91%), Kukbo (-17.39%), Kyeyang Electric Preferred (-16.64%), and Noroo Holdings Preferred (-16.63%).

In the KOSDAQ market, Terasem's stock price dropped the most, falling 91.67% from 1,440 won to 120 won. Terasem will be delisted on the 30th of this month for failing to submit its business report and semi-annual and quarterly reports within the legal deadline. Terasem began organized trading on the 19th in response to the delisting, and its stock price fell without any price limits.

Gonggu Woman (-72.08%) saw a sharp decline in stock price as the effect of the rights adjustment from the free capital increase conducted at the end of last month disappeared. SBW Life Science (-43.58%) and Alpha Holdings (-40.05%) also experienced significant drops.

The stock with the largest price increase in the KOSPI market was Daedong Electronics, which is rumored to have a possibility of a free capital increase, rising 199.04% from 6,270 won to 18,750 won. Kumyang's stock price also more than doubled with a 112.77% increase, and Seongan (90.74%), Hyundai Energy Solutions (69.20%), Central Motec (53.72%), and Hanwha Aerospace (53.48%) also rose.

In the KOSDAQ market, ST Cube rose the most sharply, increasing 250.81% from 6,200 won to 21,750 won. Baxel Bio (142.35%), Hanchang Biotech (118.77%), Konic Automation (95.85%), and G2 Power (95.01%) also recorded high growth rates.

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