[Stock in Focus] Ecopro BM Reclaims Top KOSDAQ Market Cap from Alteogen... Hits Record High

Ecopro BM reclaimed the top spot in KOSDAQ market capitalization, surpassing Alteogen during intraday trading. The stock surged over 10%, hitting a new 52-week high.

As of 9:12 a.m. on January 29, Ecopro BM was trading at 2,540,000 won, up 250,000 won (10.92%) from the previous day on the Korea Exchange. During the session, the price climbed as high as 2,585,000 won, setting a new 52-week record.

Ecopro also rose 5.34%, reaching an intraday high of 1,827,000 won and marking its own 52-week peak.

Due to the sharp gains in Ecopro BM and Ecopro, Alteogen, which was up about 1% during the session, fell to third place in market capitalization.

Investor optimism about robotics and the establishment of a European subsidiary are seen as factors driving the stock prices higher. Ecopro announced the previous day that it had reorganized its structure and established a European sales subsidiary in Germany. Through this European subsidiary, Ecopro plans to proactively respond to the rapidly changing electric vehicle and battery supply chain, increase touchpoints with clients, and seek new business opportunities.

Changmin Lee, a researcher at KB Securities, commented, "The rise in Ecopro BM's share price appears to be driven by expectations related to robotics, which is the biggest topic in the stock market at the beginning of the year." He added, "In the case of all-solid-state batteries, their high energy density, outstanding stability, and superior charging speed are expected to be strong advantages in humanoid robots. Ecopro BM is preparing for mass production of cathode materials and solid electrolytes for all-solid-state batteries together with its clients, so the company stands to benefit if this market takes off in earnest."