Securities industry forecasted that shipbuilding industry would lead an uptrend of stock market in 2014.

When the US-led global economic recovery is spreading to Europe and China, industries of shipbuilding, chemistry and bank which heavily depend on these countries are expected to see great rebounds in stock prices.

According to 2014 prospects on stock prices, suggested by major securities firm on November 26, most securities firms chose shipbuilding, chemistry and bank as leading businesses of stock market next year. These businesses have large exposure to Europe and China as representative cyclical industries which have continuously declined in stock prices and profits over the last year years.  

Reasons for the securities firms to choose shipbuilding and chemistry as leading industries are explained that they consider the possibility of economic recovery in Europe and China to be high as well as the US. Eurozone turned around to plus growth in the third quarter of this year and China posted a 7.8% growth rate which is higher than expected.

Particularly, shipbuilding industry is said to have increased possibility of ship value rise with growing new orders for commercial ship in line with global economic recovery.