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Hanwha Solutions Soars 6.89%... Common and Preferred Shares Buck Downtrend in Falling KOSPI and KOSDAQ

Hanwha Solutions and Hanwha Solutions Preferred Shares are showing contrarian strength on the morning of the 4th, even as the KOSPI and KOSDAQ indices both fall around 2%. ■ Common Shares Surge More Than 6%... Preferred Shares Also Rise As of 11:23 a.m. on the 4th, Hanwha Solutions (009830) is tra

Oseong Kwon
Staff Reporter
4 min read
Hanwha Solutions Soars 6.89%... Common and Preferred Shares Buck Downtrend in Falling KOSPI and KOSDAQ
CBC News

Hanwha Solutions and Hanwha Solutions Preferred Shares are showing contrarian strength on the morning of the 4th, even as the KOSPI and KOSDAQ indices both fall around 2%.

■ Common Shares Surge More Than 6%... Preferred Shares Also Rise

As of 11:23 a.m. on the 4th, Hanwha Solutions (009830) is trading at 25,225 won, up 1,625 won (+6.89%) from the previous day. The stock price has remained above the 25,000-won level, continuing its upward trend through the morning session.

At the same time, Hanwha Solutions Preferred Shares (009835) are trading at 14,940 won, up 250 won (+1.70%). Both the common and preferred shares are rising, though they show a difference in gains, with Hanwha Solutions in particular posting an increase in the 6% range and showing relatively strong momentum.

■ 'Contrarian Strength' Amid Declines in Both Indices

The domestic stock market has been unable to escape weakness this morning. The KOSPI index is at 5,534.17, down 114.62 points (-2.02%) from the previous day, while the KOSDAQ index is at 691.58, down 12.81 points (-1.81%). Against the backdrop of both indices declining, the upward movement of these two stocks stands out.

■ Key Points to Watch in the Afternoon Session

However, whether they can maintain their gains after the morning session remains to be seen. Attention is focused on whether Hanwha Solutions will continue moving above the 25,000-won level and whether Hanwha Solutions Preferred Shares can extend their rise. With intraday market-wide volatility continuing, the afternoon trajectory of the two stocks and the direction of renewable energy-related shares are factors to watch.

[※ This article is for reference in making investment decisions, and the final responsibility for investments lies with the investor.]

Oseong Kwon
Staff Reporter

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