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The transport equipment industry index, which includes Hyundai Motors, Kia Motors, and Hyundai Mobis, rose 17.78% from the 7th to the 19th, showing the highest increase.
The reason why the transportation equipment industry has soared is because the collaboration of the self-driving electric vehicle’Apple Car’ with Apple such as Hyundai Motor and Kia Motors attracted attention. On the 7th, after the KOSPI surpassed the 3000 line, the stock price of Hyundai Motor Group stocks surged as it was reported that Apple proposed cooperation to launch an Apple car with the Hyundai Motor Group. Hyundai Motor’s share price rose by 26.94% from the 7th to the 19th, while Hyundai Mobis rose by 13.30%. Kia Motors recorded an increase of 32.38%.
Dong-ha Kim, a researcher at Hanwha Investment & Securities, said about Hyundai Motors, “Considering the significant difference in profits and losses due to future contract terms, it may be only a short-term event.” “It can act as a catalyst that converts it to the point of view, and it can be a factor for valuation expansion.”
Following the transportation equipment sector, the construction sector rose 5.97%. In the case of the construction industry, the government announced that it would massively expand the housing supply this year, and it is expected to benefit from this, and the stock price has also risen. During this period, Hyundai E&C’s stock price rose 11.34% from 4,550 won to 45,150 won. GS E&C’s stock price also rose 9.07% from 4,800 won to 44,500 won.
Lee Dong-heon, a researcher at Daishin Securities, said, “As President Moon Jae-in expressed his willingness to expand housing supply at the New Year’s press conference, expectations for the growth of the domestic housing market will be reflected.” “The valuation discount will decrease just by maintaining the value.”
Meanwhile, textile apparel also rose 4.81% following the construction industry.
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