[Featured Stocks] Semyung Electric, Jeryong Industry, and Other Power Equipment-Related Stocks Hit Upper Limit↑

Semyung Electric and Jeryong Industry, stocks related to power facilities, are showing strong performance.

As of 12:23 PM on the 13th, Semyung Electric was trading at 6,760 KRW, up 1,560 KRW (30%) from the previous trading day.

Semyung Electric manufactures fittings for transmission, distribution, and substation lines and supplies them to Korea Electric Power Corporation and others. It also delivers fittings for electric railways to Korea Railroad Corporation and subway construction companies.

As of 12:25 PM on the same day, Jeryong Industry was trading at 7,730 KRW, up 1,780 KRW (29.92%) from the previous trading day.

Jeryong Industry focuses on the manufacturing and sales of electrical equipment related to transmission, distribution, and underground lines, as well as communication equipment and railway materials.

The surge in stocks related to power facilities is interpreted as a result of expectations that demand for power grid restoration will increase due to a large wildfire in Los Angeles, USA.

Jeryong Industry announced that after the market closed on the 10th, it signed a supply contract with the Korea Electrical Industry Cooperative for ultra-high voltage direct current transmission insulators and wire fittings.