[Special Stock] Heavy Rain Reconstruction Stocks Surge... Newbotek, etc.
On the 9th, vehicles that were submerged due to heavy rain in front of Jinheung Apartment in Seocho-gu, Seoul, are emerging as the water recedes. Photo by Jinhyung Kang aymsdream@
View original image[Asia Economy Reporter Hwang Junho] As record-breaking heavy rain falls for the first time in 80 years, causing various flood damages such as landslides and sinkholes in Seoul and the central region, related companies' stock prices are soaring in the stock market on this day.
As of 2:02 PM, Newbotec is trading at 1,310 KRW, up 20.18% from the previous close. This company is involved in water treatment, and its stock price has risen due to increased expectations for reconstruction projects following the heavy rain.
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For the same reason, Inseon ENT, a construction waste disposal company, is also attracting attention. Its stock price is trading at 10,000 KRW, up 7.87% from the previous close. Railroad and road underground crossing structure construction company Teuksu Construction is trading at 10,050 KRW, up 3.82% from the previous trading day.
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