On the 26th, stocks of construction machinery and equipment companies such as HD Hyundai Construction Equipment and HD Hyundai Infracore surged significantly in the stock market. This is interpreted as being driven by expectations that construction machinery and equipment can be supplied for reconstruction projects following the end of the Russia-Ukraine war.
As of 1:58 PM on the same day, HD Hyundai Construction Equipment was trading at 65,500 KRW, up 6.50% from the previous day's closing price. After a rapid rise in the early session followed by a correction, the stock price has continued to expand its gains throughout the session.
HD Hyundai Infracore also recorded a 4.95% increase, trading at 7,840 KRW. It rose sharply from the start of the session to 7,960 KRW before undergoing some correction.
The construction machinery sector has repeatedly experienced significant price increases recently, reflecting expectations for reconstruction projects in Ukraine.
On the same day, Sambu Togeon, known to have a high possibility of entering reconstruction projects, rose about 7%, while Daedong, an agricultural machinery company, increased by 10% in trading.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
