[Special Stock] "It Has Risen Enough"... 'Investment Caution' ShillaJen Plunges Over 9% Intraday

[Asia Economy Reporter Minji Lee] Since the resumption of trading on the 13th, SillaJen, which had shown an upward trend for three consecutive trading days, is now experiencing a sharp decline.

At 11:06 AM on the 18th, SillaJen was trading at 13,150 KRW, down 9.31% from the previous trading day. On the same day, SillaJen touched 14,550 KRW after the market opened but soon reversed and fell to 13,050 KRW. Given the sharp rise since the resumption of trading, it is analyzed that a large volume of sell orders were placed to realize profits.

On the previous day, SillaJen's trading value approached 494.3 billion KRW, attracting high investor interest, second only to Samsung Electronics. In terms of trading volume, 30.2 million shares were traded on the 13th when trading resumed, 12 million shares on the 14th, and about 32.5 million shares on the previous day. The rapid buying momentum was due to the stock, which had been suspended since May 2020, returning to normal trading.

Meanwhile, SillaJen is currently designated as a stock under investment caution. This designation is applied for one day to stocks where trading is concentrated in a small number of accounts or where the stock price fluctuates sharply, indicating a possibility of unfair trading.

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