Hanwha Ocean (042660) closed higher on the 19th, maintaining the 120,000-won level. In the KRX trading session that day, the stock finished at 128,400 won, up 3,300 won (2.64%) from the previous trading day.

The company has been showing a steady upward trend as expectations for improving shipbuilding industry conditions and growth potential in the defense sector have recently come to the forefront. Even as the broader domestic stock market took a breather on the same day, Hanwha Ocean demonstrated relative strength. The KOSPI briefly surpassed the 9,300 level during the session, setting a new all-time high, but gave up much of its gains to close at 9,052.42, while the KOSDAQ also ended weaker at 966.59.

Investors' attention is now focused on the upcoming battle for Canada's next-generation submarine procurement project, which is valued at up to 60 trillion won. Hanwha Ocean is reportedly in a final competition with Germany's ThyssenKrupp Marine Systems (TKMS) for selection as the project contractor. Market interest in the selection outcome is running high.

[※ This article is not intended to solicit investment, and all investment decisions and responsibilities lie with the investor.]