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[Alpha Biz=(Chicago) Reporter Paul Lee] Shares of Eco-Promaterials soared to a market capitalization of KRW 10 trillion.
As of 2:10 p.m. on the 15th, Eco-Promaterials is trading at 166,000 won, up 25,500 won (18.15%) from the previous day. Stock prices soared to 169,900 won during the day, hitting a new high. Currently, Eco-Promerty's market capitalization is KRW 11.3257 trillion, ranking 31st in the securities market. The gap with the 30th-ranked Samsung Electro-Mechanics (11.48 trillion won) is about 160 billion won. The 32nd place is HMM.
It is interpreted that the stock price of Eco-Promaterials has soared as investor sentiment for the secondary battery industry has revived. Tesla rose 4.91% from the previous trading day on the 14th (local time).
Stock prices are believed to have risen after news of a key rate cut was discussed at the Federal Open Market Committee (FOMC) in December. A fall in interest rates could also lower car installment rates, which could revive demand for electric vehicles.
Eco-Promaterials was included in the KOSPI 200, KOSPI 100, KOSPI 50, KRX200 and KRX Machinery Equipment Index. If it is included in index stocks such as KOSPI 200, passive fund funds that follow the index may flow in.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
