[Featured Stock] K-Auction Rises for 2 Consecutive Trading Days Following Rights Issue Ex-Rights Date

[Asia Economy Reporter Hwang Yoon-joo] K Auction has hit the upper price limit for two consecutive trading days due to the illusion effect caused by the ex-rights date of a free capital increase.

As of 9:27 AM on the 6th, K Auction is trading at 14,000 won, up 29.63% (3,200 won) from the previous day.

The ex-rights date refers to the situation where the record date for new shares has passed, and the subscription rights for new shares can no longer be exercised. At this time, to maintain fairness between existing and new shareholders, the opening price is artificially lowered according to certain standards.

Although the corporate value remains the same, an illusion effect makes the stock price appear cheaper. This attracts low-price buying demand.

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