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Space-Related Stocks Mixed Following Success of Nuri's 5th Launch... Almek Surges 19%, Hanwha Aerospace and Satrec-I Decline

As news spread of the successful fifth launch of the Nuri rocket, space and aviation industry stocks showed clearly mixed movements on the afternoon of the 8th. Amid expectations surrounding the launch success, some stocks are rising while others continue to fall. ▲ Almek Up 19%... Duksan Neolux an

Oseong Kwon
Staff Reporter
4 min read
Space-Related Stocks Mixed Following Success of Nuri's 5th Launch... Almek Surges 19%, Hanwha Aerospace and Satrec-I Decline
CBC News

As news spread of the successful fifth launch of the Nuri rocket, space and aviation industry stocks showed clearly mixed movements on the afternoon of the 8th. Amid expectations surrounding the launch success, some stocks are rising while others continue to fall.

▲ Almek Up 19%... Duksan Neolux and Inospace Also Rising

As of 1:39 p.m. on the 8th, Almek was trading at 58,200 won, up 19.38% from the previous day. Duksan Neolux rose 8.70% to 14,990 won, and Inospace was up 8.05% at 7,250 won.

Isu Petasys (up 4.18% to 127,100 won), J.Estina (up 3.85% to 45,850 won), and HVM (up 2.92% to 74,100 won) also maintained their upward trend. In addition, Duksan Hi-Metal (+2.76%), SFA (+1.93%), Innox Advanced Materials (+1.36%), and Hanyang ENG (+0.89%) also turned higher.

▲ Satrec-I and Hanwha Aerospace Weak... No Shortage of Declining Stocks

Meanwhile, quite a few stocks turned downward. Vitzro Nextek was trading down 8.81% from the previous day at 9,940 won, and Satrec-I fell 7.18% to 69,800 won.

Kenko Aerospace (-7.79%), Sasview (-7.97%), Intellian Tech (-7.45%), and Hanwha Aerospace (-7.00%) were also weak. In addition, Lumir fell 5.99% to 6,430 won, and Nara Space Technology was down 5.69% at 14,420 won.

▲ Nuri's 5th Launch Succeeds... Initial Communication with Five Ultra-Small Cluster Satellites Also Successful

On the previous day, the 7th, the fifth launch of Korea's space launch vehicle Nuri was successfully carried out. Nuri was launched from the Naro Space Center in Goheung, South Jeolla Province, and reached its target orbit, normally deploying its main payload of five ultra-small cluster satellites. All five satellites succeeded in initial communication with ground stations. However, one of the ten cube satellites carried aboard was confirmed to have failed to separate.

With the success of this launch drawing greater attention to Korea's space transportation technology and satellite operation capabilities, stock price reactions of related companies are diverging. Attention is now focused on the overall movement of space and aviation industry stocks going forward.

[This article is for investment reference purposes only and does not constitute a recommendation to buy or sell any specific stock.]

Oseong Kwon
Staff Reporter

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