[Edaily Reporter Lee Hye-ra] #Genesem is surging in early trading on news that it has signed a semiconductor equipment supply contract with SK Hynix. According to MP Doctor on the 16th, as of 9:11 a.m. today, Genasem is trading at 6,550 won, up 12.59% from the previous day.
At one point during the session, the stock extended its gains to over 17%. This surge is believed to be driven by buying interest following Genesem’s announcement after the market closed yesterday that it had signed a contract with SK Hynix to supply semiconductor back-end equipment worth 7.36974 billion won. The contract value represents 12.98% of the company’s consolidated revenue for last year. The contract period runs until September 28.
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