Samsung Electronics Market Cap Exceeds 100 Trillion Won

Shares of Samsung Electronics hit a new high, and the market capitalization exceeded 100 trillion won for the first time when common stocks and preferred stocks are combined.

Samsung Electronics closed yesterday in the Seoul Stock Exchange at 616,000 won, up by 6,000 won or 0.98 percent from the previous day and reaching a record high for two consecutive days.

Preferred stocks of the company closed at 374,000 won up by 2.61 percent hitting a new high for the first time in a year.

Samsung Electronics’ market cap reached 100.5188 trillion won with common stocks worth 91.8811 trillion won and preferred stocks worth 8.6369 trillion won. The company’s market cap accounts for 24.8 percent of the total market cap in the Stock Exchange.

In dollar terms, the company’s market cap is 87.972 billion won ($1=￦1142), which exceeds that of the top mobile handset company Nokia standing at $81.9 billion as of Monday.

Nokia’s market cap was larger than $100 billion until early last month, but was beaten by Samsung Electronics after its stock prices have plummeted by 17 percent since April 5 when the prediction about company’s sluggish performance in the first quarter was publicized.

KOSPI closed at 917.63 Tuesday down 1.23 point or 0.12 percent from the previous day.

Jae-Seong Hwang jsonhng@donga.com