SEOUL, Jul. 5 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. has seen its market capitalization touch an eight-year low as slumping global sales pound its share price, data showed Thursday.
Shares of Hyundai Motor closed at 119,500 won (US$107) on Wednesday, the lowest closing price since April 19, 2010, according to the data from the Korea Exchange.
Hyundai Motor’s market cap stood at 26.9 trillion won ($24.1 billion), ranking sixth among the companies traded on South Korea’s main stock market.
Tech behemoth Samsung Electronics Co. posted the largest market value of 297 trillion won, trailed by chip giant SK hynix Inc. with 62 trillion won, biopharmaceutical firm Celltrion Inc. with 37 trillion won, biopharmaceutical maker Samsung BioLogics Co. with 28 trillion won and top steelmaker POSCO with 27 trillion won.
Hyundai Motor’s ranking marks a sharp departure from years ago, when the carmaker was the second-biggest-cap company on the main bourse after Samsung Electronics.