[Special Stock] SG-triggered Plunge Stocks Rebound Together... Seongwang Declines
Stocks suspected of price manipulation, which began with a selling bombshell from the foreign securities firm SG Securities, are collectively rebounding after 5 trading days.
As of 10:55 AM on the 28th, Samchully is trading at 141,400 KRW, up 13.57% compared to the previous trading day. Daesung Holdings, which recorded the lower limit price for four consecutive days, is showing a 0.48% increase to 31,450 KRW compared to the previous trading day.
In addition, Seoul Gas (6.30%), Daou Data (3.58%), Sebang (9.23%), Harim Holdings (2.86%), and Daol Investment & Securities (6.13%) are also rising together.
Seongwangman is trading at 38,550 KRW, down 4.58% compared to the previous trading day.
These stocks hit the lower limit price on the 24th due to a large volume of sell orders from SG Securities, spreading suspicions of price manipulation and causing investor sentiment to sharply cool.
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The prosecution has imposed travel bans on about 10 key figures involved in the price manipulation and is investigating the case through on-site searches and seizures.
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