[Featured Stocks] Namgwang Togeon and Beomyang Geonyeong Form Ukraine Reconstruction Theme... Stock Prices Rise

On the 12th, construction companies such as Namgwang Togeon and Beomyang Geonyeong formed a Ukraine reconstruction project theme in the stock market, causing their stock prices to surge.

President-elect Donald Trump smiling broadly Photo by Yonhap News

As of 9:49 a.m. that day, Beomyang Geonyeong was trading at the upper price limit, up 29.98% compared to the previous day's closing price. It rose to the maximum price limit for the second consecutive day following the previous day.

Namgwang Togeon, another construction company, was also trading up 23.59%. Sambutogeon maintained a steep upward trend for the fifth consecutive day, trading at 1,502 won, up 17.90%.

Mid-sized construction companies Ilseong Geonseol and Daedong also rose 11.65% and 7.29%, respectively, on expectations for the Ukraine reconstruction project.

TYM, an agricultural machinery company, was also mentioned as a Ukraine reconstruction theme stock and hit the upper price limit that day. This was driven by expectations that a large supply of agricultural machinery could be provided to Ukraine, where agriculture is well developed.

An official from the securities industry said, "With former U.S. President Donald Trump elected as the next U.S. president, it is expected that the Russia-Ukraine war will end early," adding, "Companies related to post-war reconstruction projects are forming a theme in the stock market and their stocks are soaring."

The official advised, "While reconstruction projects offer opportunities for related companies to leap forward, they are highly uncertain businesses depending on local conditions such as whether the war ends," and cautioned, "It is necessary to be wary of making hasty investments based solely on expectations and to avoid judging them unconditionally positively."