Posted December. 15, 2012 03:48,
Political theme stocks are beginning to rise in value again with the presidential election slated for Wednesday getting tighter.
Such stocks had fallen to the floor but are fluctuating again as the election race is growing more fierce, prompting one stock expert to say, "The ever-tightening race is testing theme stocks to their limit.
On Friday, the theme stocks of Moon Jae-in, the presidential candidate of the major opposition Democratic United Party, soared with the stock price of Wooridul Pharmaceutical Ltd. going up 4.31 percent from the previous day and Woori Life Sciences rising 2.8 percent. The share price of the pharmaceutical company rose as high as 11 percent during the day and Woori Life`s rose up to 9 percent.
Both stocks was so bearish that they fell by the maximum limit for five consecutive days. But the last public survey released Friday seemed to encourage individual investors by indicating that the presidential race is indeed tight within the margin of error.