POSCO, SK Telecom, KEPCO Ousted from Top 10
The Korea Exchange announced on Oct. 6 that Samsung Electronics, SK Hynix, Hyundai Motor, Celltrion and LG Chem were found on the KOSPI’s top 10 market cap list at the end of last year, at the end of the first half of this year and on Oct. 4 this year.
POSCO, SK Telecom and Korea Electric Power Corp. were on the list at the end of 2018 but their current market cap rankings are 11th, 12th and 16th, respectively. POSCO’s stock price fell 10.29 percent from Jan. 1 to Oct. 4 this year. During the same period, those of SK Telecom and Korea Electric Power Corp. dropped 12.99 percent and 24.02 percent, respectively. Samsung BioLogics was on the list at the end of last year but slid to 12th in May this year. The company rejoined the list in the third quarter.
On the list, Naver took the 10th place at the end of 2018, 13th at the end of June 2019, and fourth on Oct. 4. Its stock price jumped 23.36 percent this year alone. Hyundai Mobis, LG Household & Health Care and Shinhan Financial Group newly joined the top 10 list this year. Their stock prices rose 27.63 percent, 15.35 percent and 3.41 percent this year, respectively.
Celltrion remained on the list but showed the steepest decline in stock price among the top 10 market cap companies. Specifically, its stock price dropped 22.25 percent this year. Likewise, those of its subsidiaries Celltrion Healthcare and Celltrion Pharm plummeted 29.88 percent and 39.84 percent, respectively.
As for the KOSDAQ stock exchange, SillaJen, Helixmith, Kolon TissueGene and Celltrion Pharm failed to remain on the top 10 market cap list this year. The biotech companies’ stock prices showed extreme fluctuations this year.