Hanwha Ocean (042660) lost the 100,000-won level during trading on the 3rd but, driven by buying momentum, fully recovered its losses and closed higher. As the domestic stock market continues to exhibit high volatility with repeated sharp declines and rebounds, investor attention is now focused on the direction of the stock price next week.

In that day's trading session on the Korea Exchange (KRX), Hanwha Ocean closed at 106,900 won, up 2,400 won (2.30%) from the previous trading day. While the stock price briefly fell below 100,000 won early in the session, bargain-hunting buying subsequently flowed in, enabling a successful turnaround to the upside.

KOSPI Also Stages a 'Roller Coaster' Session

The broader domestic stock market exhibited extreme volatility on the same day. The KOSPI dropped to as low as 7,378.10 during the session before rebounding on bargain hunting, then surged to as high as 8,136.28 intraday before closing at 8,088.34, up 440.25 points (5.75%) from the previous trading day.

Canadian Next-Generation Submarine Project Emerges as Key Variable

The most notable variable that could dictate Hanwha Ocean's stock price after the weekend is a major order issue. The market is closely watching the outcome of Canada's next-generation submarine project, in which Hanwha Ocean is competing against Germany's ThyssenKrupp Marine Systems (TKMS). With the announcement date approaching and the project valued at tens of trillions of won, the result is likely to have a significant impact on investor sentiment depending on the outcome.

Recently, Hanwha Ocean was selected as the preferred bidder for the detailed design and lead ship construction of the Korean Destroyer Next Generation (KDDX), reaffirming its technological prowess in the naval shipbuilding sector.

Market Volatility Also Poses a Burden

The steep volatility in domestic and international stock markets is another variable. Given that the KOSPI also exhibited a pattern of sharp decline followed by a steep rebound during the day, overall market investor sentiment and external variables are expected to have a complex impact on Hanwha Ocean's stock price next week.

[※ This article is not intended to solicit investment. The final judgment and responsibility for all investments lie with the investor.]