[Edaily Reporter Hyera Lee ] DaewonCable(006340)is posting a double-digit gain early in the trading session. According to MP Doctor on the 23rd, DaewonCable is trading at 12,300 won as of 9:24 a.m. today, up 18.53% from the previous trading day. This is believed to be driven by buying momentum sparked by news that the domestic wire and cable industry is accumulating a record-high order backlog. According to industry sources, as of the end of the first quarter of this year, the total order backlog for LS Cable, Taihan Cable & Solution, and GAONCABLE stood at 11.6187 trillion won, a 7.3% increase from the end of last year. The wire and cable industry continues to see a rise in orders driven by factors such as global demand for the construction of artificial intelligence (AI) data centers. Today, not only DaewonCable but also GAONCABLE(000500) and TaihanElectricWire(001440) are each trading up by around 10% and 1%, respectively.
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