[Market Focus] De-Plasticization Stocks Surge... Samryung Materials Hits Upper Price Limit
On the morning of July 11, shares related to the de-plasticization sector, including Samryung Materials, showed strong performance in the domestic stock market.
As of 10:20 a.m. on this day, Samryung Materials was trading at the upper price limit, with its share price up 29.97% from the previous session to 10,060 won per share. At the same time, CTK and Ecoplastic were also showing strong gains of around 16%. Green Chemical was up by more than 8% as well.
This surge is attributed to heightened expectations surrounding eco-friendly stocks after the Lee Jaemyung administration announced the previous day that establishing RE100 industrial complexes powered by renewable energy sources would be its top policy priority.
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Stocks classified as eco-friendly, particularly those related to de-plasticization, had also shown strong performance last week, immediately after President Lee announced plans to formulate and implement a "De-Plasticization Roadmap" within the year. Samryung Materials, a representative stock in this sector, primarily manufactures sanitary paper containers for liquid beverage packaging.
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