[Alpha Biz=(Chicago) Reporter Paul Lee] The LG Chem has been on the rise since the beginning of the year, beating Samsung BioLogics to settle for fourth place in market capitalization in the securities market.
According to the Korea Exchange, LG Chem shares closed at 800,000 won on the 20th, up 1.27% (10,000 won) from the previous trading day.
The market capitalization reached 56.4739 trillion won. In terms of KOSPI market capitalization, it ranks fourth after Samsung Electronics (389.8268 trillion won), LG Energy Solution (135.72 trillion won) and SK Hynix (63.8458 trillion won).
Samsung BioLogics, which previously ranked fourth in market capitalization, fell to fifth place. Stock prices fell 0.38% (3,000 won) from the previous day to 785,000 won. The market capitalization is 55.8716 trillion won, which is 602.3 billion won less than the LG Chem.
The LG Chem's stock price has been on the rise this year due to growing expectations for its battery business. The stock price was 600,000 won (the closing price on December 29) at the end of last year, but it rose 200,000 won (33.3%) this year alone.
Stock markets expect LG Chem's stock price to rise further. This month, NH Investment & Securities, BNK Investment & Securities, Meritz Securities, Shinhan Investment & Securities, Samsung Securities, Yuanta Securities, and Korea Investment & Securities presented their target prices.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
