SillaJen Rises for 3 Consecutive Trading Days... Trading Volume Explodes to 30 Million Shares
[Asia Economy Reporter Minji Lee] SillaJen closed higher for three consecutive trading days. Although it did not hit the upper price limit, the trading volume exceeded 30 million shares, recording explosive trading activity.
On the 17th, SillaJen ended the day at 14,500 KRW, up 2.84% from the previous trading day. The stock price rose to as high as 16,550 KRW in the early session, marking an increase of about 6%. Compared to the closing price just before the trading suspension of 12,100 KRW (May 4, 2020), it is 36% higher.
SillaJen resumed trading on the 13th after the Korea Exchange decided to maintain its listing on the 12th. Once the trading suspension was lifted, buying demand surged sharply, and the stock hit the upper price limit for two consecutive trading days on the 13th and 14th. The trading volume was 30.2 million shares on the 13th and 12 million shares on the 14th.
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On this day, SillaJen's trading volume was recorded at 32,488,211 shares. The trading value was 494.3 billion KRW, ranking just behind Samsung Electronics (764.8 billion KRW) among stocks. Previously, SillaJen's stock trading was suspended due to embezzlement and breach of trust allegations involving former CEO Moon Eun-sang and other executives, who were major shareholders in May 2020.
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