[Special Stock] Energy Crisis... SH Energy Chemical Hits Upper Limit and Records 52-Week High

[Asia Economy Reporter Kwon Jae-hee] SH Energy Chemical recorded the upper limit price.

As of 2:30 PM on the 29th, SH Energy Chemical is trading at 1,520 KRW, up 29.91% compared to the previous trading day. SH Energy Chemical simultaneously hit the upper limit price and set a new 52-week high.

The sharp rise in SH Energy Chemical's stock price is due to Russia's state-owned gas company Gazprom notifying that it will suspend gas supply to some European countries, including Poland and Bulgaria.

As a result, global natural gas prices are soaring.

Additionally, the Ministry of Trade, Industry and Energy announced that starting next month, residential and general city gas rates will increase by 8.4% to 9.4%, which is also interpreted as influencing the sharp rise in stock prices.

According to this increase plan, the average gas bill per household will rise by 2,450 KRW per month. Based on Seoul city standards, the average monthly fee is expected to increase from 29,300 KRW to 31,750 KRW.