[Special Stock] LIG Nex1 Rises on Possibility of MSCI Index Inclusion

LIG Nex1 is showing strong performance. It appears that investor sentiment is focused on the possibility of inclusion in the Morgan Stanley Capital International (MSCI) Korea Index.

As of 10:16 AM on the 12th, LIG Nex1 is trading at 279,000 KRW, up 4.49% compared to the previous trading day.

On this day, 11 stocks were removed in the MSCI Korea Index regular review. With more stocks removed than expected, interest in the candidates for inclusion has increased, and LIG Nex1 was identified as a stock with a high possibility of being included in the next index.

LIG Nex1's strong performance is also a factor in its rise. Based on preliminary results, last year's sales were 3.2772 trillion KRW, and operating profit was 230.8 billion KRW, representing increases of 42% and 23.8% respectively compared to the previous year.

Last year, LIG Nex1 signed an export contract worth 3.15 trillion KRW for the medium-range guided missile system Cheongung-II with Iraq, planning to establish a K-air defense belt in the Middle East region.