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STX Engine and Hanwha Engine Surge... Ship Engine Stocks Rally Amid KOSPI and KOSDAQ Gains

[KOSPI and KOSDAQ Show Strong Rebound... Foreign Buying Influx] During the afternoon session on the 5th, the KOSPI recorded 6,643.27, up 4.47% from the previous

Wooil Shim
Staff Reporter
6 min read
STX Engine and Hanwha Engine Surge... Ship Engine Stocks Rally Amid KOSPI and KOSDAQ Gains
CBC News

[KOSPI and KOSDAQ Show Strong Rebound... Foreign Buying Influx]

During the afternoon session on the 5th, the KOSPI recorded 6,643.27, up 4.47% from the previous trading day, while the KOSDAQ rose 2.19% to 797.82, displaying a strong rebound trend. The decline in international oil prices, overnight strength in U.S. stock markets, and an influx of foreign buying combined to significantly boost overall investor sentiment in the domestic stock market.

[Shipbuilding and Marine Engine Stocks Surge by Double Digits]

Amid this favorable market condition, some shipbuilding and marine engine-related stocks recorded double-digit gains during the session, capturing investors' attention.

According to intraday prices, STX Engine traded at 27,800 won, up 3,400 won (13.93%) from the previous trading day. The stock's intraday high was 28,800 won, and its low was 24,750 won.

Hanwha Engine recorded 45,850 won, up 5,100 won (12.52%). It at one point rose to 46,450 won during the session, showing strong buying pressure. HD Hyundai Marine Engine also traded at 59,500 won, up 6,900 won (13.12%), with its intraday high reaching 60,100 won.

[Buying Spreads... Shipbuilding Equipment and Ship Component Stocks Rise in Tandem]

The warmth also spread to shipbuilding equipment and ship component stocks around the engine shares. The specific gaining stocks are as follows.

  • HD Hyundai Marine Solution: Up 4.22% to 192,700 won
  • Beomhan Fuel Cell: Up 6.59% to 16,170 won
  • KSP: Up 3.98% to 2,745 won
  • Hailo Korea: Up 2.64% to 33,100 won
  • Korea Carbon: Up 4.05% to 23,100 won

Additionally, Samyoung M-Tech rose 6.56%, Cape 6.30%, and Sejin Heavy Industries 5.25%. Ilseung, a ship environmental equipment-related stock, saw its trading volume exceed 4 million shares, recording 4,405 won, up 7.44%. Oriental Precision (6.94%), Hyundai Hims (3.64%), and S&L (5.53%) also showed strength.

TMC recorded a double-digit gain of 13.86% to 14,130 won, alongside the engine stocks. In addition, Inhwa Precision (8.98%), Daechang Solution (4.41%), Taewoong (3.62%), and SK Ocean Plant (5.23%) recorded gains, with buying continuing across related stocks.

[Market Outlook and Investment Considerations]

The market is paying attention to the trend where the KOSPI and KOSDAQ are rising in tandem, and buying is spreading to shipbuilding, machinery, and equipment stocks that recently experienced steep declines. However, some point out that since many engine stocks surged more than 10% during the session, it is necessary to also monitor index trends, changes in trading volume, and whether profit-taking sell orders will emerge toward the end of the session.

[※ This article was written based on intraday prices, and final closing prices may differ. Investment decisions and responsibilities lie with the investor. This article was written with AI assistance.]

Wooil Shim
Staff Reporter

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