Samsung SDI 68ten thousand8,000won; battery stocks rebound as European sales recover
Buying is flowing into rechargeable battery stocks amid hopes for a recovery in European electric vehicle sales and expanding demand for ESS. Samsung SDI 5month 29closing price on 68ten thousand8,000won, up 1.78%; LG Energy Solution and POSCO Future M also gained.
Rechargeable battery stocks rebounded from the end of the month. Reports said buying was flowing in, going beyond a technical rebound following an excessive decline. The securities industry cited the recovery in European electric vehicle sales, expanding demand for energy storage systems (ESS), and expectations for policy momentum as factors behind the move.5According to the Korea Exchange, Samsung SDI rose on a closing-price basis on the day. Securities firms cited a recovery in European electric vehicle sales and expanding ESS demand.
According to the Korea Exchange, Samsung SDI, as of the closing price on 29day, was up 1.78% to 68ten thousand8,000won. Samsung SDI rose for consecutive trading days. It was a day when movements in major battery stocks drew attention.2?
On 28day, Samsung SDI surged nearly 9% intraday. The share price was reported to have risen more than 7% in 20trading days. A pattern of high short-term volatility was observed in the market.
On the same day, LG Energy Solution rose 3.62%, while POSCO Future M rose 3.36%. Major battery stocks advanced together, pointing to improved supply and demand across the sector.
According to Kiwoom Securities' tally, this year, 1~4 month, European electric vehicle sales increased 26% year over year. Over the same period, sales of battery electric vehicles (BEVs) increased 38%. Signs of a recovery in European demand have been cited as grounds for the rebound.
Market participants are watching ESS order developments, policy announcements, and European sales statistics. With the possibility of sharp short-term fluctuations remaining, recommendations have continued to check trading volume alongside disclosures.
Sources: 파이낸셜뉴스 증권
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