Game and metaverse themed stocks were the biggest winners from the South Korean stock markets this year, with gaming software developer Wemade Max Co. topping the rank as the best-performer with price gain of whopping 1,499.31 percent.
According to Korea Exchange on Wednesday, Kosdaq-listed Wemade Max was the highest flying stock this year, with shares skyrocketing 1,499.31 percent between Jan. 4 and Dec. 28. The second-best performing stock was Edison EV also on Kosdaq that soared 1,244.38 percent, followed by WeMade Co. that jumped 846.06 percent.
WeMade launched its own blockchain platform Wemix early this year and led game publishers Joycity, Supercat, Dalcom Soft, NHN, and Action Square to join the ecosystem.
Wemade Max – a blockchain game developer – is a subsidiary of WeMade.
Wemade Max and WeMade enjoyed their rally after successful launch of play-to-earn game Mir4 that uses blockchain-based non-fungible token technology.
Shares of Edison EV soared after its affiliate Edison Motors was selected as preferred bidder to buy SsangYong Motor.
The top 10 performing stocks this year were all from Kosdaq under the hype over metaverse and NFT sectors.
Six out of 7 following top 10 stocks were game, metaverse, and content themed ones, including Wysiwyg Studios whose shares jumped 527.32 percent, Devsisters 513.15 percent, Com2uS Holdings 491.59 percent, Neowiz Holdings 446.95 percent, NP 421.2 percent, and Dexter 418.23 percent.
Wysiwyg Studios, Dexter, and NP are content producers with high expandability into metaverse sector. Gaming players Com2uS, Neowiz, and Devsisters are active players in establishing play-to-earn and metaverse ecosystem.
In the primary Kospi, Ilsung Construction Co. was the top performing stock of the year with shares soaring 410.53 percent. The company is considered to benefit from presidential candidate Lee Jae-myung’s long-term public housing policy.
By Pulse
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]
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