CXO Research Institute Q1 Market Cap Analysis of 2,558 Stocks
30 New Members in the 10 Trillion Won Market Cap Club
Samsung Electronics Market Cap Increases by Over 50 Trillion Won
Strong Performance of Secondary Battery Stocks Including Ecopro BM
Samsung Electronics' market capitalization reached 382.066 trillion won as of the end of last month, increasing by more than 50 trillion won in the first quarter. LG Energy Solution's market cap also grew by over 32 trillion won. Market capitalizations of secondary battery-related stocks such as Ecopro BM surged as well.
The Samsung Electronics Seocho Building in Seoul on the 2nd of last month. [Image source=Yonhap News]
The Korea CXO Research Institute, a corporate analysis specialist, announced on the 19th the results of the "2023 Q1 Domestic Stock Market Market Capitalization Change Analysis." They surveyed the market capitalization of 2,558 stocks excluding preferred shares as of the end of last month compared to the beginning of the year.
The total market capitalization of the 2,558 stocks increased by 280 trillion won (13.9%) from 2,011 trillion won at the beginning of the year to 2,291 trillion won at the end of last month. Market caps of 1,729 stocks (67.6%) increased, 774 stocks (30.3%) decreased, and 55 stocks (2.2%) remained unchanged. The number of stocks joining the "1 trillion won club" rose by 30 (13.2%) from 228 to 258 during the same period.
Four stocks?Samsung Electronics, LG Energy Solution, Ecopro BM, and Ecopro?each saw their market capitalization increase by more than 10 trillion won in the first quarter. Samsung Electronics' market cap rose from 331.3229 trillion won to 382.066 trillion won, an increase of 50.7431 trillion won (15.3%), surpassing the average market cap growth rate of 13.9% for the 2,558 stocks. LG Energy Solution's market cap increased by 32.292 trillion won (30.9%) from 104.364 trillion won to 136.656 trillion won. Ecopro BM's market cap surged by 12.8217 trillion won (140.4%) from 9.1346 trillion won to 21.9564 trillion won. Ecopro's market cap jumped by 10.0871 trillion won (363.8%) from 2.773 trillion won to 12.8602 trillion won.
There were 33 stocks whose market capitalization increased by more than 1 trillion won in the first quarter. The next largest increases were SK Hynix (9.3912 trillion won), Samsung SDI (9.1456 trillion won), POSCO Holdings (8.1188 trillion won), Kia (7.9045 trillion won), LG Chem (7.6239 trillion won), and POSCO Future M (6.2745 trillion won). Conversely, six stocks saw their market capitalization decrease by more than 1 trillion won: Samsung Biologics (2.7757 trillion won), LG Household & Health Care (1.8741 trillion won), HD Hyundai Heavy Industries (1.5535 trillion won), Samsung Life Insurance (1.5200 trillion won), Celltrion (1.4340 trillion won), and NCSoft (1.3172 trillion won).
The stock with the highest growth rate was Ecopro, the holding company of Ecopro BM, with a 363.8% increase. The stock wealth of its largest shareholder, Lee Dong-chae, Senior Advisor, also rose from 535.8 billion won at the beginning of the year to 2.5031 trillion won at the end of last month, a 367.2% increase. At the end of last month, Lee's stock valuation exceeded that of SK Group Chairman Chey Tae-won (2.2401 trillion won) and LG Group Chairman Koo Kwang-mo (2.078 trillion won). Other stocks with growth rates exceeding 100% included Rainbow Robotics (341%), Kumyang (234.8%), Cosmo Advanced Materials (192.6%), Canaria Bio (180%), Isu Chemical (164.6%), Ecopro BM (140.4%), Sama Aluminum (138.1%), Cosmo Chemical (134.1%), and Harim Holdings (119.3%).
It is also notable that many companies with rapidly rising stock prices are headquartered in the Chungcheong region. A significant number of companies with market cap growth rates exceeding 100% are located in Chungcheong. These include Ecopro BM and Ecopro (Cheongju, Chungbuk), Rainbow Robotics (Yuseong-gu, Daejeon), Cosmo Advanced Materials (Chungju, Chungbuk), Canaria Bio (Cheonan, Chungnam), Mirai Nanotech (Cheongwon-gun, Chungbuk), and Eco & Dream (Cheongju, Chungbuk). Oh Il-seon, Director of Korea CXO Research Institute, stated, "Corporations in the Chungcheong region, as well as secondary battery and chemical-related stocks (Chungbuk, Jeonbuk, and chemical sectors), contributed to the stock market rise in the first quarter."
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