Mask Stocks Surge Again Amid Fears of COVID-19 Resurgence... Up Over 10%

[Asia Economy Reporter Oh Ju-yeon] As the number of confirmed cases of the novel coronavirus infection (COVID-19) in South Korea shows a triple-digit increase again, mask-related stocks, which had fallen the previous day, are showing strength.

As of 10:36 AM on the 20th, Lemon was trading at 19,750 KRW, up 11.58% from the previous trading day. Following the continuous increase in domestic COVID-19 cases on the 18th, mask-related stocks rose collectively, with Lemon closing up by more than 10% that day. However, the stock market stabilized again the next day, causing all mask-related stocks to fall. Lemon also closed down 5.85% the previous day but turned strong again on this day.

Welcron recorded the largest increase among mask-related stocks, rising 17.20% compared to the previous trading day. This marks the third consecutive trading day of gains following a 29.91% rise on the 18th.

Monalisa, a representative mask-related stock, also rose by about 9% on this day. At this time, Monalisa was trading at 7,110 KRW, up 9.71% from the previous trading day. Monalisa surged 22.20% on the 18th, then closed down by over 8% the previous day, but its stock price soared again on this day.

In addition, Kkaekkeutan Nara traded at 4,565 KRW, up 7.29% from the previous trading day.

Meanwhile, at 10 AM, the Korea Disease Control and Prevention Agency Central Disaster and Safety Countermeasures Headquarters (CDSCHQ) announced that as of midnight on the 20th, the number of new domestic COVID-19 confirmed cases increased by 288 in one day. The cumulative number of confirmed cases rose to 16,346. This marks a triple-digit increase for seven consecutive weeks.