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Home Samsung

Samsung Electronics stands lowest in its market presence in almost two years

 33,282 total views,  2 views today

James Jung by James Jung
PUBLISHED: August 16, 2021 UPDATED: August 16, 2021
in Samsung, Samsung Electronics, Stock Market
0
Samsung Electronics stands lowest in its market presence in almost two years

Samsung Electronics saw its market presence dwindle to its lowest on the stock market in 23 months in terms of market capitalization.

As of Friday, Samsung Electronics’ value stood at around 444 trillion won ($400 billion), 19.43 percent of KOSPI’s total market value, which is 2,285 trillion won.

The company in January 
Samsung had shared 25.01 percent of total market value back in January, from which the Korean giant has taken a plunge below 20 percent, in its weighting against the total market cap, for the first time since September 2019.

At 96,800 won per share, Samsung Electronics had hit a 52 week high on January 11 this year, but the stock price massively fell to this year’s lowest of 74,100 won Friday amid massive foreign sell-offs. This was caused by the concerns that the chipmakers’ earnings may decrease after reaching the peak in the second quarter.

In January 2021, Samsung Electronics Co. had taken part in the Consumer Electronics Show. The company imparted its vision for a sustainable future with new inventions under the theme “Better Normal for All” during the virtual press conference.

Samsung’s position this year
This year, Korea has seen a boom in the stock market, although its main bourse and secondary index both had hit their lowest points in about 11 years. Fast forward to now, that isn’t the case anymore and is growing in size. Although not all sectors are going through a rise in the market. The rest of the top 10 KOSPI stocks have shuffled in the rankings, barring SK Hynix, in second place after Samsung Electronics. Samsung Electronics has retained its leading position in market valuation, even with its dwindling market value.

“The reduced portion of Samsung Electronics’ market cap helps lower the level of volatility (in KOSPI) and disperse the mega-influence by a single sector or stock,” said Samsung Securities researcher Jeong Eun-ji.

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Tags: SamsungSamsung Elecctronicsstock exchange

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