[Featured Stock] 'Taejo Ibangwon' Doosan Enerbility... Surges 4% on Foreign Investors' Love Call

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] Doosan Enerbility surged more than 4% intraday on the 25th, fueled by foreign buying.

As of 9:40 AM on the day, Doosan Enerbility was trading at 22,500 KRW, up 4.17% (900 KRW) from the previous day.

Recently, the eco-friendly energy sector has gained attention to the extent that the new term 'Taejo I Bangwon' has become popular in the stock market, and foreign buying appears to be driving the stock price up.

Foreign investors had net bought for 12 consecutive trading days from the 5th of this month until the 23rd, then switched to selling the day before, but are buying stocks again on this day.

Doosan Enerbility, the new name of Doosan Heavy Industries, is a Doosan Group affiliate engaged in nuclear, thermal, wind power, and combined heat and power. It participated as the main equipment supplier for the United Arab Emirates (UAE) nuclear power plant, the first overseas export of nuclear power in Korea.

Meanwhile, 'Taejo I Bangwon' refers to stocks that have recently performed well in the stock market, including solar power, shipbuilding, secondary batteries, defense, and nuclear power. These stocks mostly consist of sectors that invest in the three elements of 'Geopolitics, Environment, Technology' (GET).

The market views these stocks as showing growth based on emerging industrial trends.

Seo Cheol-su, head of the Research Center at Mirae Asset Securities, explained the growth background of the 'Taejo I Bangwon' stocks: “Stocks related to solar power, secondary batteries, and nuclear power structurally grew because they represent renewable and green energy, overlapping all three areas of 'GET.' Solar power, a representative renewable energy, has performed well as the U.S. and China have divided ecosystems from a geopolitical perspective, benefiting Korean solar companies.”

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