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[Breaking] Gwangju Shinsegae Reaches Daily Limit During Trading... Bucking the Trend Amid KOSPI's 4% Plunge

As of 11:16 a.m. on the 26th, Gwangju Shinsegae (037710) surged by 12,200 won (29.98%) from the previous trading day to reach 52,900 won, rising to the price li

Oseong Kwon
Staff Reporter
2 min read
[Breaking] Gwangju Shinsegae Reaches Daily Limit During Trading... Bucking the Trend Amid KOSPI's 4% Plunge
CBC News

As of 11:16 a.m. on the 26th, Gwangju Shinsegae (037710) surged by 12,200 won (29.98%) from the previous trading day to reach 52,900 won, rising to the price limit and hitting the daily upper limit during trading. A static Volatility Interruption (VI) was triggered for the stock at 9:36:52 a.m. and lifted at 9:39:01 a.m. This makes the counter-trend movement even more conspicuous, as the domestic stock market showed overall weakness on the same day. At the same time, the KOSPI fell by more than 4% and the KOSDAQ also dropped by over 2%, with both major indices showing sharp declines. Gwangju Shinsegae stood out by hitting the daily limit in contrast to the broader market trend. Attention is now focused on how this stock will close ahead of the weekend. Meanwhile, Gwangju Shinsegee showed a bearish trend in the trading session on the previous day, the 25th. [※ This article is not intended to solicit investment. The final judgment and responsibility for all investments lie with the investor.]

Oseong Kwon
Staff Reporter

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