**Market Report Analysis**
*Stock Movement Analysis of Top 30 Stocks in KOSPI and KOSDAQ by Market Capitalization*
**KOSPI Market Analysis**
*SK Innovation: Leading the Slump*
SK Innovation witnessed a significant decline in stock price, closing at 134,400 won, marking a 6.08% drop from the previous day. The trading volume surged, reaching 918,209 shares, with institutional and foreign investors net selling. Concerns emerged regarding the shift of leadership within the electric vehicle market from battery companies to car manufacturers. This was exacerbated by US GM’s claim of over 50% of subsidies from LG Energy Solutions.
**Outlook**
The overall trend for the top 30 stocks of the KOSPI market shows an average decline of 1.31%. While 22 stocks experienced price drops, Samsung Electronics maintained a stable closing price.
**KOSDAQ Market Analysis**
*Wemade: Emerging as a Strong Performer*
Wemade enjoyed a noteworthy increase in stock price, with a substantial rise of 11.75%, closing at 59,900 won. The trading volume soared, with foreign and institutional investors showing interest. The surge in Wemade’s stock price is attributed to the recent success of Wemix and positive reviews for their new game ‘Fantastic 4 Baseball’. Analysts are optimistic about the potential launch of Chinese editions of ‘Mir 4’ and ‘Mir M’, further adding to the company’s prospects.
**Outlook**
In the KOSDAQ market, the top 30 stocks observed an average increase of 0.09%. While 15 stocks experienced price boosts, 15 saw declines. The KOSDAQ index concluded trading at 827.24, marking a 0.53% decrease from the previous day.
In conclusion, the day’s market movements reflect contrasting outcomes for the top 30 stocks in both the KOSPI and KOSDAQ markets. While some stocks suffered declines, others, such as Wemade, demonstrated resilience and growth. These developments underscore the dynamic nature of the stock market, influenced by both domestic and international factors.
*Written by Kim Tae-young, Business Post Reporter*
Among the top 30 stocks in KOSPI and KOSDAQ by market capitalization today, which stock moved the most in stock price? If the stock price moves a lot, it means that it has received a lot of attention in the market. Why did it attract the attention of the market? We inform you of today’s notable stocks.
▲ Stocks whose stock prices moved the most in the KOSPI and KOSDAQ markets from the closing price on the 1st.
[비즈니스포스트] Among the top 30 stocks in KOSPI market capitalization on the 1st, SK Innovation’s stock price moved the most based on the closing price.
On this day, SK Innovation’s stock price closed at 134,400 won, down 6.08% (8,700 won) from the previous day.
The stock price started at 141,500 won, 1.12% (1,600 won) lower than the previous day, and continues to fall.
The trading volume increased to 918,209 shares, 2.8 times the previous day. The market capitalization was 13.5281 trillion won, a decrease of about 900 billion won from the previous day. The market cap position dropped from 20th to 21st.
Institutional investors net sold KRW 49.7 billion, and foreign investors net sold KRW 30 billion. Individual investors made net purchases worth 77.6 billion won.
In addition to SK Innovation on this day, Isu Chemical (-6.78%), LG Energy Solution (-5.72%), Samsung SDI (-5.30%), Cosmo Advanced Materials (-4.13%), POSCO Future M (- 3.24% ), and EcoPro (-3.21%) % stock prices closed lower.
Concerns appear to have arisen that leadership in the electric vehicle market may be shifting from battery companies to car manufacturers.
US GM (General Motors) claimed more than half of the subsidy it received from the US government’s IRA (Inflation Reduction Act) from LG Energy Solutions.
Although the investment share of the joint venture between GM and LG Energy Solutions is 50%, GM is known to have requested up to 85% of the subsidy.
Jo Joongi, a researcher at SK Securities, said, “Unlike a while ago, the driving force behind today’s decline in stock prices is the growing perception that leadership is not moving from battery companies, which were suppliers, to car manufacturers, who are consumers.” He added, “The three domestic battery companies are joint ventures with leading US automakers. “If a precedent is set regarding the differential distribution of subsidies, it will be additional negative news,” he said.
Stock prices of the top 30 stocks in the KOSPI market by market cap fell an average of 1.31% that day. The stock prices of 22 stocks fell and the stock prices of 7 stocks rose. The closing price of Samsung Electronics was the same as the previous day.
The KOSPI index ended trading at 2505.01, 30.28 points (1.19%) lower than the previous day.
In the KOSDAQ market, Wemade moved the most based on closing price among the top 30 stocks by market capitalization.
On this day, Wemade’s stock price closed at 59,900 won, up 11.75% (6,300 won) from the previous day.
The stock price started at 54,600 won, 1.87% (1,000 won) higher than the previous day, and rose sharply from the beginning of the market.
The trading volume increased to 2,933,739 shares, six times more than the previous day. Market capitalization increased by about 210 billion won to 2.0244 trillion won. The market cap position rose from 22nd to 19th.
Foreigners bought a net 9.2 billion won, and institutions net 5.5 billion won. Individuals with a net worth of 15.1 billion won were sold.
On this day, Wemade (7.57%) and Wemade Play (3.49%) closed their stock prices higher. This can be interpreted as the influence of the recent surge in Wemix, a coin issued by Wemade.
Wemix fell to the 740 won range on August 26th, but recently rose to the 3,100 won range, rising more than 300% in three months.
Meanwhile, Wemade’s new game ‘Fantastic 4 Baseball’ is also receiving favorable reviews, and the possibility of Chinese editions of Mir 4 and Mir M is also increasing, raising expectations.
In a report published the previous day, Ahn Jae-min, a researcher at NH Investment & Securities, raised WeMade’s target stock price from 56,000 won to 70,000 won, saying, “We reflected the effects of the launch of ‘Fantastic 4 Baseball’, and released at the G-Star Game Show and received a good response, and ‘Mir 4’.” “We raised our performance estimates considering the possibility of announcing and launching a Chinese version of ‘Mir M’.”
On this day, the stock prices of the top 30 stocks in the KOSDAQ market by market capitalization rose by an average of 0.09%. Stock prices of 15 stocks rose and stock prices of 15 stocks fell.
The KOSDAQ index ended trading at 827.24, 4.44 points (0.53%) lower than the previous day. Reporter Kim Tae-young
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