Because the KOSPI’s upward momentum continues, having surpassed the 4,000 mark, the focus of large-cap shares has intensified additional, with the 5 main conglomerates now accounting for greater than half of the full market capitalization of the South Korean inventory market.
In keeping with Leaders Index on Nov. 11, the mixed market capitalization of 368 listed associates belonging to massive enterprise teams topic to disclosure necessities surged from 1,661.74 trillion gained (roughly $1.14 trillion) on Jan. 2 this 12 months to three,030.52 trillion gained on Nov. 3, marking a rise of 1,369 trillion gained, or 82.4 p.c. Throughout the identical interval, the full market capitalization of the home inventory market, together with KOSPI, KOSDAQ, and KONEX, rose from 2,310.99 trillion gained to three,963.11 trillion gained, representing a rise of 71.5 p.c –a decrease development fee.
Amongst them, the share of the highest 5 conglomerates by market capitalization –Samsung, SK, Hyundai Motor (005380), LG (003550), and HD Hyundai–rose from 45.9 p.c at the start of the 12 months to 52.2 p.c, up 6.3 share factors, making the focus on massive enterprise teams much more pronounced. With the semiconductor market coming into a supercycle and the inventory costs of Samsung Electronics and SK hynix hovering, the mixed market capitalization of Samsung and SK Group has approached 40 p.c of your complete market.
Samsung, which ranks first amongst enterprise teams by market capitalization, noticed the mixed market capitalization of its 17 listed associates soar from 503.74 trillion gained to 943.49 trillion gained, up as a lot as 87.3 p.c. Consequently, its share inside the total market rose barely from 21.8 p.c to 23.8 p.c.
SK Group, rating second, recorded a fair sharper enhance. The mixed market capitalization of its 21 listed associates surged from 200.34 trillion gained to 572.36 trillion gained, displaying a whopping enhance of 185.7 p.c. In consequence, its market share jumped from 8.7 p.c to 14.4 p.c, up 5.8 share factors.
Inside the prime 5 teams, LG and Hyundai Motor switched locations, with Hyundai Motor now rating third and LG fourth. Doosan (000150) Group entered the highest 10. The mixed market capitalization of Doosan’s seven listed associates skyrocketed from 26.19 trillion gained to 90.01 trillion gained, a rise of 243.6 p.c, shifting up 5 spots from twelfth to seventh. The surge was attributed to the sharp rises in Doosan Enerbility and holding firm Doosan Corp..
Exterior the highest 10, the group displaying the most important rank enchancment was Hyosung Corp. (004800). The mixed market capitalization of Hyosung Group’s 11 listed associates rose from 7.26 trillion gained to 27.25 trillion gained, up 275.4 p.c, climbing 14 locations from twenty ninth to fifteenth.
In contrast, HL Group’s market capitalization fell from 2.4 trillion gained to 2.24 trillion gained, down 6.5 p.c, dropping its rating from forty sixth to 56th. Krafton (259960) additionally noticed its market capitalization shrink from 15.16 trillion gained to 13.25 trillion gained, whereas Taeyoung Group fell from 1.25 trillion gained to 949.4 billion gained, dropping the 1-trillion-won threshold.
