EcoPro BM, Stock Price +6.33% at This Hour... Foreigners Net Sell 116,155 Shares in Last 5 Days

As of 1:30 PM on the 16th, Ecopro BM is trading at 119,300 KRW, up 6.33% from the previous day. The trading volume is 561,935 shares, which is 52.38% of the previous day's volume. Ecopro BM is known as a manufacturer of cathode materials for secondary batteries.

On June 11, Kim Hyun-soo, a researcher at Hana Financial Investment, announced, "Disclosure of a facility investment of 86 billion KRW for converting the cathode material line for electric vehicle batteries in Pohang. The investment fund of 86 billion KRW is planned to be executed over two years until May 2022, to be covered through self-financing and bank loans. The parent company, Ecopro, will issue 80 billion KRW in convertible bonds. It is judged to be an EB issuance for additional investment in eco-friendly proprietary businesses. Considering the possession of business groups that can benefit from recent Green New Deal policies such as semiconductor/display chemical filters and greenhouse gas reduction, this is a proactive investment for future business expansion." He set the target price for Ecopro BM at 150,000 KRW.

Over the past five days, individual investors have net purchased 28,583 shares of Ecopro BM, while foreigners and institutions have net sold 116,155 shares and net purchased 77,097 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.

This content was produced with the assistance of AI translation services.