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Wire and Cable Stocks Fall Across the Board... LS Eco Energy Plunges Over 13%, Gaon Cable and Iljin Electric Also Down Over 8%

In the morning session on the 12th, domestic wire and cable-related stocks are showing weakness across the board. LS Eco Energy is recording the most notable decline, falling more than 13%, while Gaon Cable and Iljin Electric are also posting declines in the 8% range. As of 12:34 p.m., the prices o

Oseong Kwon
Staff Reporter
4 min read
Wire and Cable Stocks Fall Across the Board... LS Eco Energy Plunges Over 13%, Gaon Cable and Iljin Electric Also Down Over 8%
CBC News

In the morning session on the 12th, domestic wire and cable-related stocks are showing weakness across the board. LS Eco Energy is recording the most notable decline, falling more than 13%, while Gaon Cable and Iljin Electric are also posting declines in the 8% range.

As of 12:34 p.m., the prices of major stocks are as follows:

  • LS Eco Energy: Trading at 63,400 won, down 9,600 won (-13.15%) from the previous trading day, the largest drop among wire and cable-related stocks today.
  • Gaon Cable: Down 25,000 won (-8.46%) to 270,500 won.
  • Iljin Electric: Down 6,900 won (-8.48%) to 74,500 won.
  • LS Marine Solution: Down 2,750 won (-8.62%) to 29,150 won.
  • Taihan Cable (Daehan Cable): Down 2,100 won (-7.47%) to 26,000 won.
  • Daewon Cable: Down 820 won (-6.52%) to 11,750 won.
  • KBI Metal: Down 330 won (-5.62%) to 5,540 won.
  • LS: Down 11,500 won (-4.30%) to 256,000 won.

With major wire and cable-related stocks declining together, selling pressure is appearing across the wire and cable sector in the morning session. As some stocks' decline rates have reached double digits, attention is focused on whether the drops will widen in the afternoon session or whether bargain-hunting inflows will narrow the losses.

Wire and cable-related stocks can be affected by power grid expansion, investment in power infrastructure, and changes in global electricity demand, so it is necessary to also examine investment trends in the related industry. Going forward, supply and demand conditions for individual stocks and changes in overall market sentiment are also expected to warrant attention.

[This article was written for the purpose of providing market information and does not constitute a recommendation to invest in any specific stock. Investment decisions and responsibilities lie with the investor.]

Oseong Kwon
Staff Reporter

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