On the first day of early voting, the 29th, the stock prices of major holding companies are rising sharply. With presidential candidates pledging to boost the stock market, expectations for policy benefits are being reflected.
As of 10:30 a.m. on the 29th, HS HYOSUNG is trading at 52,700 won, up 12,100 won (29.8%) from the previous day, hitting the ceiling price.
In addition, major holding company stocks such as HD Hyundai (10.24%), LX Holdings (9.32%), Hanwha (6.52%), and Doosan (8.63%) reached their highest prices of the year on this day.
As expectations for governance restructuring and shareholder returns rise in line with the stock market boosting policies of major presidential candidates, it appears that buying sentiment has surged. Holding companies are known to have high valuation attractiveness and a strong potential for increasing shareholder returns.
Choi Kwan-soo, a researcher at SK Securities, noted that "As each party announces stock market boosting policies ahead of the presidential election, expectations for a reassessment of holding companies are being reflected," adding that "It is expected that holding companies, which are representative of the low price-to-book ratio sector, will benefit from the stock market boosting process."