[Featured Stock] POSCO Holdings Breaks 600,000 Won, Hits New High

POSCO Holdings, which is transitioning its business portfolio to specialize in secondary battery materials, is continuously hitting 52-week highs. The stock prices of related affiliates are also soaring.

As of 10:30 AM on the 24th, POSCO Holdings is trading at 617,000 KRW, up 11.98% (66,000 KRW) from the previous trading day. It reached a new high of 555,000 KRW during the previous trading day and has broken that record again today.

POSCO Holdings even rose to 633,000 KRW intraday. Its market capitalization has now surpassed 52 trillion KRW. It has overtaken LG Chem (50.7559 trillion KRW) and Hyundai Motor (42.1372 trillion KRW) to secure 4th place.

Posco Future M, a key affiliate in the secondary battery business, is trading at 523,000 KRW, up 6.63%. Posco DX is at 32,750 KRW, up 4.80%.

Meanwhile, POSCO Holdings' stock price once reached the 700,000 KRW range in 2007 during the shipbuilding boom. At that time, it recorded an all-time high supported by the boom in upstream industries such as automotive steel sheets and shipbuilding steel plates.