The market capitalization rankings in South Korea have undergone significant changes over the past year. More than half of the traded stocks have fluctuated by over 100 ranks. Among the top 100 companies by market capitalization, 11 new names have emerged, indicating substantial shifts in the valuations of listed firms. The stock that saw the most significant rise in ranking was Gaon Cable.
According to the Korea Exchange, a comparison of market capitalization rankings for KOSPI and KOSDAQ listed companies from September 5 of last year to September 7 of this year revealed that out of 2,778 stocks traded at both points in time, 1,554 (55.9%) experienced changes of over 100 ranks.
Of these, 699 stocks rose by more than 100 ranks, while 855 stocks fell by the same margin. Additionally, 972 stocks saw fluctuations of over 200 ranks, with 615 moving by more than 300 ranks and 287 changing by over 500 ranks.
Notable changes were also observed among the top market capitalization companies. Over the past year, 11 companies in the top 100 rankings have been replaced.
Jusung Engineering stood out with a remarkable rise, jumping from 246th place last year to 78th this year, a leap of 168 ranks into the top 100. Gaon Cable moved up from 301st to 89th, gaining 212 ranks.
Daewoo Engineering & Construction also saw a significant increase, rising from 218th to 85th, a gain of 133 ranks. HD Hyundai Construction Equipment climbed from 211th to 91st, a rise of 120 ranks. LG Innotek, previously outside the top 100, moved up from 112th to 57th, while GS rose from 110th to 62nd, and Hyundai AutoEver advanced from 104th to 65th. Isu Petasys entered the top 100, moving from 103rd to 81st. Sanil Electric climbed from 130th to 98th, and Hanmi Pharmaceutical rose from 115th to 99th.
Conversely, several companies have fallen out of the top 100. Peptron dropped from 73rd to 136th, a decline of 63 ranks, while Pharmarise fell from 81st to 131st. LG Display also slipped from 85th to 115th, exiting the top 100.
The significant movements in market capitalization rankings over the past year suggest considerable differentiation in stock prices among companies. The frequent changes in the top 100 rankings reflect this trend.
This trend continues in the current market. Kang Jin-hyuk, a senior researcher at Shinhan Investment Corp., noted, "Bottom-up factors have improved market sentiment, leading to strong performances from major semiconductor stocks like Samsung Electronics and SK Hynix. In contrast, non-semiconductor sectors such as finance and automotive have shown weakness, while semiconductor materials, parts, and equipment stocks have performed well amid the AI infrastructure boom in the KOSDAQ."
* This article has been translated by AI.
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