 |
(Photo = Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] In the third quarter of this year, the market capitalization of the domestic stock market has decreased by 189 trillion KRW due to the continued decline in the share prices of large-cap stocks.
According to a report released on the 7th by the Korean CXO Research Institute, the total market capitalization of 2,720 domestic stocks, excluding preferred shares, was recorded at 2,432 trillion KRW as of the end of September.
This marks a decrease of 189 trillion KRW (7.2%) from 2,621 trillion KRW at the end of June. The decline in market capitalization is attributed to large-cap stocks such as Samsung Electronics, SK Hynix, and Hyundai Motor, each of which saw reductions exceeding 10 trillion KRW.
In terms of individual stocks, 1,924 companies (70.7%) experienced a decrease in market capitalization during the third quarter, surpassing the 678 companies (24.9%) that saw an increase. Additionally, 118 companies (4.3%) either went public in the third quarter or had no changes in their market capitalization.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
