[Special Stock] Stocks Plunged by SG Incident All Close Higher (Comprehensive)
Stocks suspected of price manipulation, which started with a selling bombshell from the foreign securities firm SG Securities, rebounded and closed higher after five trading days.
On the 28th, Samchully closed at 153,000 won, up 22.89% from the previous trading day. Daesung Holdings, which had hit the lower limit for four consecutive days, also closed at 34,050 won, up 8.79% from the previous trading day.
In addition, Seoul Gas (13.49%), Dow Data (5.34%), Harim Holdings (2.97%), Sebang (11.07%), and Daol Investment & Securities (10.43%) also closed higher together.
Seongwang, which had been the only stock recording a decline, also reversed to rise, closing at 41,250 won, up 2.10% from the previous trading day.
These stocks recorded the lower limit 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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