[Special Stock] GeoElement Hits Upper Price Limit

On the 16th, when the KOSPI index started lower due to selling by individuals and foreigners, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. The KOSPI opened at 2,995.68, down 3.84 points (0.13%) from the previous trading day. Photo by Moon Honam munonam@

[Asia Economy Reporter Hwang Junho] GeoElement recorded the upper price limit early in trading on the 16th.

As of 9:51 a.m. that day, GeoElement was trading at 34,800 won. This is a 29.85% increase compared to the previous trading day.

The company's stock price was listed on the KOSDAQ on the 11th, with the opening price set at twice the public offering price of 10,000 won, then rose another 30% to reach 26,000 won before sharply falling to close at 15,900 won.

Afterwards, it recorded the upper price limit on the 12th and the previous day, with the closing price on the previous day at 26,800 won. On this day as well, it showed a sharp rise from early trading and reached the upper price limit.

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