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Market heavyweights’ influences on Seoul bourse waning
By Korea HeraldPublished : Oct. 14, 2014 - 21:13
South Korea’s top 10 listed firms by market capitalization saw their dominance in the main bourse decrease sharply this year, due mainly to a drop in share prices of market bellwether Samsung Electronics Co. and other heavyweights, data showed Tuesday.
The combined market cap of these firms came to 406.99 trillion won ($381 billion) as of Friday, accounting for 31.42 percent of the total, according to the data by the bourse operator Korea Exchange.
The comparable figures at the end of last year were 451.83 trillion won and 38.1 percent, the data showed.
The decline in their presence was mainly due to bearish runs by major tech firms and automakers, the data indicated.
Samsung Electronics, the highest-valued company on the main bourse, has nosedived in recent weeks on rising concerns over its waning profitability.
Its share price plummeted to 1.12 million won Monday from 1.37 million won at the end of last year. (Yonhap)
The combined market cap of these firms came to 406.99 trillion won ($381 billion) as of Friday, accounting for 31.42 percent of the total, according to the data by the bourse operator Korea Exchange.
The comparable figures at the end of last year were 451.83 trillion won and 38.1 percent, the data showed.
The decline in their presence was mainly due to bearish runs by major tech firms and automakers, the data indicated.
Samsung Electronics, the highest-valued company on the main bourse, has nosedived in recent weeks on rising concerns over its waning profitability.
Its share price plummeted to 1.12 million won Monday from 1.37 million won at the end of last year. (Yonhap)
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Articles by Korea Herald
