NCSoft, Sold Off by 'Super Gaemi', Surges Over 7% Today [Featured Stock]

[Asia Economy Reporter Ji Yeon-jin] Recently, NCSoft, whose corporate value has fluctuated wildly due to the emergence of 'super ants,' is showing another sharp rise on the 16th. It is analyzed that buying momentum surged as concerns over overhang (fear of massive sell-off) were alleviated following news that a 'big player' investor who had purchased thousands of billions worth of NCSoft shares sold their stake.

As of 3:17 PM on the day, NCSoft was trading at 709,000 KRW, up 7.42% (49,000 KRW) from the previous day. The stock, which had been rising around 5% until the morning, expanded its gains in the afternoon.

At 11:14 AM, it was trading at 692,000 KRW, up 32,000 KRW (4.85%) from the previous day. The stock has been steadily increasing its gains since 10 AM.

Earlier, the Korea Exchange Market Surveillance Committee designated NCSoft as an investment caution stock for the day. This was because it was classified as a top stock by single-account trading volume. The Exchange designates a stock as an investment caution stock if the net purchase (net sale) quantity by a specific account during the regular market hours exceeds 2% of the total listed shares and the closing price on that day rises or falls by more than 5% compared to the previous day's closing price.

According to the Exchange's disclosure, on the 15th, an individual investor sold 530,000 shares of NCSoft. This corresponds to 2.41% of NCSoft's total listed shares of 21,954,022. The selling amount by this investor was approximately 349.8 billion KRW based on the closing price of the day, and about 374.7 billion KRW based on the opening price of 707,000 KRW.

In the financial investment industry, it is estimated that the seller of the shares on this day is likely the same person who purchased 703,325 shares of NCSoft (net purchase of 492,392 shares) on the 11th. On the 11th, NCSoft closed at 786,000 KRW, reaching the daily price limit increase of 29.92% compared to the previous day. This was the largest price increase recorded since NCSoft was listed on the KOSPI market in July 2000.

However, after hitting the upper limit, NCSoft's stock price fell more than 16% over two days. As it was revealed that a single investor had driven the price up, anxiety over the release of sell orders dampened investor sentiment.

The Exchange is currently investigating the account in question to determine whether there was any intention of market manipulation, as the super ant made a large-scale net purchase on the day news broke that NCSoft was entering the non-fungible token (NFT) business.

Meanwhile, the investment caution designation is part of the market alert system and does not affect stock trading. The market alert system has three stages: investment caution stock → investment warning stock → investment risk stock, with measures taken starting from the investment warning stage. At that stage, investors must pay 100% of the entrusted margin when purchasing stocks and cannot buy stocks on credit loans.

This content was produced with the assistance of AI translation services.