The results of an analysis about third quarter 2023 market capitalization changes in the domestic stock market were released by CXO Research Institute, an organization specializing in Korean business analysis, on Oct. 11. Based on the analysis, the total market capitalization of the domestic stock market this year increased by more than 295 trillion won, growing from 2,011 trillion won at the beginning of the year to 2,306 trillion won at the end of September. During this period, the market capitalization growth rate was 14.7 percent.
The number of stocks that joined the trillion-won market capitalization club increased from 228 in the beginning of January to 251 by the end of September, marking a gain of 23 new members during the period.
Samsung Electronics, the top company by market capitalization, surged from 331.32 trillion won at the beginning of the year to 408.33 trillion won by the end of September. This remarkable growth amounted to an increase of over 77 trillion won in just nine months. Similarly, SK hynix also expanded during the same period, growing from 55.11 trillion won to 83.5 trillion won, showing an increase of more than 28.39 trillion won.
POSCO Holdings witnessed a growth from 23 trillion won to 45.25 trillion won, expanding by 22.24 trillion won. Meanwhile, EcoPro’s market capitalization grew significantly from 2.77 trillion won to over 23.99 trillion won, marking an increase of more than 21.21 trillion won.
Following these, EcoProBM showed an increase of 15.61 trillion won and POSCO Future M exhibited a growth of 13.01 trillion won. It has been revealed that the market capitalization growth of these companies exceeded 10 trillion won over the past nine months.
On the other hand, Samsung Biologics witnessed a significant decrease in its market capitalization from 58.86 trillion won at the beginning of the year to 48.47 trillion won by the end of September. This marks a decline of over 10.39 trillion won in just three quarters.
The market capitalization of LG Chem decreased by 7.59 trillion won, Samsung SDI by 6.19 trillion won, NCSOFT by 4.59 trillion won, LG Household & Health Care by 4.27 trillion won, Kakao by 3.94 trillion won, Hanwha Solutions by 3.08 trillion won, SK by 3.02 trillion won, and Celltrion by 2.15 trillion won, each falling by over 2 trillion won.