April 27, 2024
Stocks & Bonds
Marked polarization in stock market
[THE INVESTOR] Korea’s stock market has seen marked polarization with both big-cap and small-cap companies rise considerably this year, data showed on Aug. 4.
Companies with a market value of 1 trillion won (US$890 million) or more numbered 200 as of Aug. 3, up 17 from a year earlier, according to the data by the bourse operator Korea Exchange.
Of the total, top-cap Samsung Electronics and 34 other companies saw their market capitalization hover above the 10 trillion-won mark, seven more than the previous year.
New entrants into the 10 trillion-won club include Samsung BioLogics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group; Hana Financial Group; and major commercial lender Woori Bank.
In tandem with the rise in big caps, the number of small caps also surged as they were mostly left out of the stock market’s recent bull run.
The number of companies with a market value of 100 billion won or lower came to 1,108 as of Aug. 3, up 30 from the end of last year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Companies with a market value of 1 trillion won (US$890 million) or more numbered 200 as of Aug. 3, up 17 from a year earlier, according to the data by the bourse operator Korea Exchange.
Of the total, top-cap Samsung Electronics and 34 other companies saw their market capitalization hover above the 10 trillion-won mark, seven more than the previous year.
New entrants into the 10 trillion-won club include Samsung BioLogics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group; Hana Financial Group; and major commercial lender Woori Bank.
In tandem with the rise in big caps, the number of small caps also surged as they were mostly left out of the stock market’s recent bull run.
The number of companies with a market value of 100 billion won or lower came to 1,108 as of Aug. 3, up 30 from the end of last year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
