[Market Focus] Poongsan Surges Over 9% on 830 Billion Won Large-Caliber Ammunition Supply Contract

Poongsan is showing strong performance on September 12. The surge in buying appears to be driven by news of a large-caliber ammunition supply contract worth 830 billion won.

As of 10:51 a.m. on this day, Poongsan's stock price is up 9.36% from the previous trading day, standing at 132,000 won. After opening at 121,000 won, the stock has been soaring.

The announcement regarding the supply contract for large-caliber ammunition with Hyundai Rotem appears to have influenced the market. The contract amount is 829.87 billion won, which is equivalent to 18.2% of the company's 2024 sales. The contract period runs until September 30, 2031.

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