[Market Close] Wire and Cable Stocks Mixed Ahead of Chuseok... LS Eco Energy Up 7.56%, Iljin Electric Up 6.93%, Gaon Cable and Taihan Cable Fall
On the 23rd, ahead of the Chuseok holiday, domestic wire and cable stocks ended the regular trading session with sharply diverging movements by stock. LS Eco Energy and Iljin Electric closed sharply higher, while Taihan Cable, Gaon Cable, and LS ended weaker, drawing market attention to the directio
![[Market Close] Wire and Cable Stocks Mixed Ahead of Chuseok... LS Eco Energy Up 7.56%, Iljin Electric Up 6.93%, Gaon Cable and Taihan Cable Fall](/_next/image?url=https%3A%2F%2Fmedia.cbcglobe.com%2Ftenants%2Fcbc00000-0000-4000-8000-000000000001%2Fmedia%2Fcbc%2F2026%2F08%2F602537%2F93bbefb8f7fe9c3f%2Foriginal.webp&w=1920&q=75)
On the 23rd, ahead of the Chuseok holiday, domestic wire and cable stocks ended the regular trading session with sharply diverging movements by stock. LS Eco Energy and Iljin Electric closed sharply higher, while Taihan Cable, Gaon Cable, and LS ended weaker, drawing market attention to the direction of wire and cable stocks after the holiday.
■ Gainers... LS Eco Energy Surges 7.56%
At market close, LS Eco Energy finished at 64,000 won, up 7.56% from the previous day, while Iljin Electric closed at 81,800 won, up 6.93%. Both stocks posted standout gains among wire and cable stocks on the day. LS Marine Solution also rose 1.21% to 33,550 won.
In terms of catalysts, LS Cable & System and LS Marine Solution announced that they will participate in 'WindEnergy Hamburg 2026' in Hamburg, Germany, showcasing an integrated offshore power grid solution covering everything from submarine cable production to installation and maintenance.
■ Losers... Taihan Cable, Gaon Cable, and LS Decline
Meanwhile, Taihan Cable closed at 31,350 won, down 0.79%, and Daewon Cable finished at 13,530 won, down 0.95%. LS ended trading at 323,000 won (-1.07%), Gaon Cable at 318,000 won (-1.09%), and KBI Metal at 6,350 won (-1.24%).
■ AI Data Centers and North American Grid Investment as Key Catalysts
Recently, wire and cable stocks have been driven by key catalysts including rising power demand from the expansion of AI data centers and investment in North American power grids. In fact, on the 18th, news of Gaon Cable expanding its cable production capacity in the United States came to the fore, sending related stocks including Gaon Cable, LS Eco Energy, Taihan Cable, and Iljin Electric higher in tandem during the session. In particular, stock-specific business momentum has continued.
■ Key Points to Watch After the Holiday
Market attention is turning to the first trading day after the Chuseok holiday. As wire and cable stocks showed differentiated movements by stock rather than moving in one direction together, the key point to watch after the holiday is how related issues such as power infrastructure, AI data centers, and North American businesses will affect share prices. In particular, attention is focused on whether LS Eco Energy and Iljin Electric, which closed higher on the day, will continue their upward trend, and whether Taihan Cable, Gaon Cable, and LS, which showed weakness, will turn the tide.
[※ This article is for informational purposes only for investment reference and does not recommend buying or selling any specific stock. Investment decisions and the resulting responsibility rest with the investor.]
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