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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Sangjin] Amid the recent downturn in the domestic stock market following the martial law crisis, the stocks of Samsung Electronics and SK Hynix, the top two companies by market capitalization, have also dropped significantly over the past month. The combined market value lost from these two companies amounts to 40 trillion KRW.
According to MP Doctor on the 8th, Samsung Electronics’ stock price has fallen by 5.58%, from 57,300 KRW to 54,100 KRW in the last month. During this period, its market capitalization shrank by over 19 trillion KRW, from 342.69 trillion KRW to 322.97 trillion KRW.
SK Hynix saw a larger drop, with its stock price plummeting nearly 15%, from 195,800 KRW to 167,100 KRW. Its market capitalization dropped by more than 20 trillion KRW, from 142.54 trillion KRW to 121.65 trillion KRW. The combined market value loss for these two stocks over the last month is 39.99 trillion KRW.
Given that the total market capitalization of the KOSPI market decreased from 2,089.37 trillion KRW to 1,988.50 trillion KRW, a reduction of 100.53 trillion KRW, the loss from Samsung Electronics and SK Hynix accounts for about 40% of the total market decline.
Notably, while Samsung Electronics’ stock had struggled in the latter half of the year, SK Hynix had been relatively resilient. However, in the last month, SK Hynix’s stock has underperformed compared to Samsung Electronics, reversing their previous relative strength.
Individual investors have shifted to a sell-off position on SK Hynix, increasing downward pressure on its stock price. From the 2nd to the 6th of this month, individual investors net sold SK Hynix shares worth 2.35 trillion KRW. This contrasts sharply with the previous month, when they net bought 3.44 trillion KRW worth of the stock.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
