More stock issues have seen their share prices fall this year despite an increase of 62 percent in the composite stock price index, the Korea Stock Exchange said yesterday.
In a report, the KSE said share prices of 327 of the 697 issues listed on the stock exchange increased this year compared to the 365 which headed in the opposite direction. Five remained at about the same level.
The composite stock price index, meanwhile, closed at 949.26 last Friday, up 61.6 percent over the 587.57 at the beginning of the year, stock exchange officials said.
The issue that posted the highest increase was Hansol CNS which soared from the 740 won at the beginning of this year to 14,600 won last Friday for a whopping increase of 1,873 percent.
Hansol CNS was followed by Trigem Computer whose shares increased in value by 1,598.8 percent during the corresponding period and a number of small companies specializing in electronics and telecommunications.
Outstanding among the issues that saw their value increase drastically was SK Telecom which closed at 2,799,000 won Friday, up 300.4 percent since the fist day of trading this year.
Of the 20 companies which saw their stock prices increase by more than 300 percent, most were companies specializing in information and communications and those providing Internet-related services.
At the other end of the spectrum were several subsidiaries of the financially troubled Daewoo, Hyundai Pipe, Woobang Housing and Construction, Shinho Paper and Kia Special Steel.
``Overall, companies in fields like electric machinery, iron and steel, beverages and wholesalers did well with those in construction, mining and nonmetallic minerals performing poorly,'' one KSE official said.
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