[Special Stock] SG-triggered Plunge Stocks Rebound Together... Seongwang Declines

by Kwon Jaehee

Published 28 Apr.2023 11:02(KST)

Updated 28 Apr.2023 14:42(KST)

[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.

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.