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[Featured Stocks] Hyundai E&C Soars Over 10%... DL E&C and Daewoo E&C Rally as Construction Stocks Rise Across the Board

On the morning of the 10th, construction stocks are showing strength across the board in the domestic stock market. Hyundai Engineering & Construction surged more than 10%, followed by gains in major names such as DL E&C, Daewoo Engineering & Construction, and GS E&C, drawing investors' attention.

Oseong Kwon
Staff Reporter
5 min read
[Featured Stocks] Hyundai E&C Soars Over 10%... DL E&C and Daewoo E&C Rally as Construction Stocks Rise Across the Board
CBC News

On the morning of the 10th, construction stocks are showing strength across the board in the domestic stock market. Hyundai Engineering & Construction surged more than 10%, followed by gains in major names such as DL E&C, Daewoo Engineering & Construction, and GS E&C, drawing investors' attention.

■ Hyundai E&C Surges 10.11%... DL E&C and Daewoo E&C Also Rise

As of 11:29 a.m., Hyundai E&C is trading at 82,800 won, up 7,600 won from the previous day. With a gain of 10.11%, it is recording the most notable rise among major construction-related stocks.

DL E&C is also strong. At the same time, it is trading at 55,500 won, up 4,900 won from the previous session, a 9.68% increase. Daewoo Engineering & Construction is up 850 won, or 8.24%, at 11,170 won.

GS E&C is up 1,750 won from the previous day to 33,050 won, showing strength with a 5.78% gain. IPARK Hyundai Development is trading at 24,600 won, up 5.13%, while Samsung C&T is up 12,000 won, or 4.45%, at 281,500 won.

With major construction stocks all in positive territory, the broad uptrend in the construction sector is drawing attention. In particular, the steep gains posted by Hyundai E&C and DL E&C are catching the eye.

■ KOSPI Up 4.39%, KOSDAQ Up 3.94%... Both Indices Show Strength

The two main indices of the domestic stock market are also showing strength this morning. At the same time, the KOSPI is at 5,239.40, up 220.55 points (4.39%) from the previous day. The KOSDAQ is also trading at 664.16, up 25.19 points (3.94%).

■ Analysts Point to 'Easing Middle East Tensions'... Maintaining Gains in Afternoon Session Is Key

Regarding the rise in construction stocks, some analysts attribute it to an easing of military tensions in the Middle East after U.S. President Donald Trump commented that the possibility of additional large-scale strikes on Iran is very low.

However, with major construction stocks rising together, the key question is whether they can maintain their gains in the afternoon session. In particular, attention is focused on whether Hyundai E&C can hold on to its double-digit gain and on the movements of major stocks such as DL E&C and Daewoo Engineering & Construction.

[※ This article is for investment reference purposes only, and investment decisions and any resulting responsibility rest with the investor.]

Oseong Kwon
Staff Reporter

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