[Featured Stocks] 'Black Semiconductor' CJ Seafood and Sajo Seafood Weakness
CJ Seafood, known as the "Black Semiconductor," has been declining for six consecutive trading days. At the end of last month, the stock price rose to 5,320 KRW per share but has since slipped to the 4,100 KRW range.
As of 10:45 AM on the 5th, CJ Seafood is trading at 4,155 KRW, down 3.26% (140 KRW) from the previous day. Sajo Seafood is also down 3.14% (135 KRW) from the previous day, trading at 4,165 KRW.
CJ Seafood is showing weakness due to combined selling pressure from foreigners and institutions. Foreign investors and institutions are net selling 15.4 billion KRW and 9.6 billion KRW, respectively.
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Previously, laver-related stocks surged sharply due to increased exports and price hikes of laver products, which raised expectations for profit improvement. However, recent increased volatility in the index appears to be shaking investor sentiment in the previously soaring laver-related stocks.
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