EV batteries · Thu, Oct 29 LG Chem sells 2.5 trillion won LG Energy Solution stake; LGES plunges. The theme (58 stocks, by market value): 55 of 58 down · −5.0% today · −5.4% this month · +13.7% this year • LG Energy Solution: −8.6% today · −0.3% this month · −3.4% this year Why: Largest shareholder LG Chem is selling a ₩2.5T stake, and a trading plan filing was made; group peers also fell about 4-6%. Chart: 32% below its 52-week high · RSI 41 · below its 20- and 200-day averages · volume 1.9× normal · foreign investors net bought ₩35B • LG Chem: −0.8% today · −6.8% this month · −29.7% this year Chart: 6% above its 52-week low · RSI 41 · below its 20- and 200-day averages · foreign investors net sold ₩6.2B • Joongang Advanced Materials: −15.3% today · +188% this year Why: Trading halt and a major matters report on a business suspension; theme EV batteries averaged -4.13%. Chart: 34% below its 52-week high · RSI 13 (oversold zone) · below its 20- and 200-day averages · volume 2.2× normal
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