[Special Stock] Ecopro BM and Ecopro Both Hit 52-Week Lows... Five Consecutive Days of Decline

Ecopro BM and Ecopro both recorded their lowest 52-week prices during the session as they fell for five consecutive days.

As of 9:52 a.m. on the 9th, Ecopro BM is trading at 151,600 won, down 6,500 won (4.11%) from the previous day. Ecopro is down 1,800 won (2.31%) at 76,100 won. Ecopro BM hit a new 52-week low during the session at 151,300 won, while Ecopro also recorded a new 52-week low at 75,600 won.

The uncertainty caused by the slowdown in electric vehicle demand appears to be affecting the stock prices of secondary battery companies. Ian Na, a researcher at Yuanta Securities, said, "As the global electric vehicle demand slowdown continues, there is high uncertainty regarding the timing of the performance improvement of secondary battery companies," adding, "Until 2023, valuation applied earnings estimates two years ahead, but now, due to the continued demand slowdown, concerns are rising over the possibility of companies reducing planned production capacity and further decreases in the utilization rate of existing production capacity."