[Featured Stock] Daehan Flour Mills Rises 14% on Strong Wheat Prices
[Asia Economy Reporter Kwon Jaehee] Daehan Flour Mills is showing strong performance in the early trading session amid expectations of rising international wheat prices due to India's wheat export ban.
As of 10:47 AM on the 16th, Daehan Flour Mills is trading at 191,000 KRW, up 14.37% compared to the previous trading day.
During the session, Daehan Flour Mills rose as much as 17.37% to 196,000 KRW before giving up some of the gains.
Established in 1953, Daehan Flour Mills is a representative wheat-related stock, primarily engaged in flour milling and wheat flour sales.
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Researcher Lee Da-eun from Daishin Securities analyzed, "Due to the prolonged Russia-Ukraine conflict and poor wheat harvests caused by drought, the investment attractiveness of wheat is high."
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