[Market Focus] SG Rises on News of Trump Saying "95% of Russia-Ukraine Ceasefire Deal Reached"

SG is showing strong performance. This is interpreted as being influenced by U.S. President Donald Trump's announcement that about 95% of an agreement has been reached in the Russia-Ukraine ceasefire negotiations.

As of 1:46 p.m. on the 29th, SG is trading at 2,720 won, up 10.57% from the previous day.

The previous day, President Trump held a joint briefing after meeting with Ukrainian President Volodymyr Zelensky at the Mar-a-Lago resort in Florida. He stated, "I think (Russia and Ukraine) will reach an agreement," and added that the ceasefire negotiations are "in the final stage."

When asked how close the ceasefire agreement was, President Trump expressed confidence, saying, "It could be about 95%." In particular, regarding the issue of the Donbas territory, he responded, "We are moving in the right direction."

Meanwhile, SG recently completed a Russian patent application for related technology in preparation for the demand for road infrastructure restoration in Russia. The company's 100% resource-circulating product, EcoSteelAscon, is evaluated as being more durable and cost-effective compared to standard asphalt concrete, making it suitable for large-scale reconstruction projects.

Lee Choongheon, a researcher at ValueFinder, said, "Since SG already has a local subsidiary in Ukraine and has completed all necessary procedures for immediate asphalt concrete production after the end of the war, the imminent end of the Russia-Ukraine conflict will serve as a favorable momentum for SG."