[Featured Stock] 'Stock Market Black Hole' LG EnSol Rises 6% on Expectations of Passive Fund Inflows

[Asia Economy Reporter Ji Yeon-jin] LG Energy Solution showed a rise of over 6% from the early hours of trading on the 7th. Since its listing last month, the stock price has been driven up by expectations of passive funds flowing in as it is included in major indices starting this month.

As of 9:13 AM on the day, LG Energy Solution surged to 535,000 KRW, up 6.15% compared to the previous day. After falling more than 10% for two consecutive days following its listing on the 27th of last month, the stock rebounded from the 3rd and showed a strong upward trend for three consecutive days.

This is interpreted as being due to expectations of large-scale capital inflows ahead of inclusion in major indices.

LG Energy Solution is scheduled to be included in major indices consecutively, starting with the FnGuide Secondary Battery Industry Index, WISE Secondary Battery Theme Index, and EQM Lithium and Battery Technology Index on the day.

The total passive funds aiming to include LG Energy Solution are estimated to reach about 2 trillion KRW. After MSCI confirmed early inclusion on the 27th of last month, LG Energy Solution is expected to be included in the MSCI Global Standard Index large-cap section as of the market close on the 14th (announcement on the 15th). Early inclusion in the KOSPI 200 Index is anticipated on the 11th of next month.

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