[Featured Stock] Petroleum Transport Steel Pipe-Related Stocks... Dongyang Steel Pipe Hits Upper Limit for Second Day
Steel pipe-related stock Dongyang Steel Pipe has hit the upper price limit for the second consecutive day.
As of 2:05 PM on the 4th, Dongyang Steel Pipe is trading at 1,175 KRW on the KOSPI market, up 271 KRW (29.98%) compared to the previous day.
Dongyang Steel Pipe also rose 29.89% the day before.
The consecutive two-day upper price limit is attributed to the government's announcement the previous day that oil and gas may be deposited in the offshore area of Yeongil Bay, Pohang, Gyeongbuk.
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Experts say it is uncertain whether production is possible, and even if it is, whether it will be profitable, urging to monitor the progress closely.
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