Shinpoong Pharmaceutical preferred shares have been designated as a 'short-term overheated stock' for an additional three trading days, as the price disparity with common shares exceeded 50%.

According to the Korea Exchange on the 1st, the short-term overheated stock designation period for Shinpoong Pharmaceutical preferred shares was extended by an additional three trading days in accordance with the KOSPI Market Business Regulations, as the price disparity between preferred and common shares exceeded 50% based on the day's closing price. With this measure, the end date of the short-term overheated stock designation for the stock has been postponed to July 6.

The Exchange applies 'single-price trading' to mitigate sharp short-term price fluctuations when concerns over investment overheating persist, such as when the price disparity exceeds a certain level. Accordingly, Shinpoong Pharmaceutical preferred shares will only be traded under the single-price trading method for three trading days until the designation ends. Unlike typical continuous trading, single-price trading is a method in which orders are collected at regular intervals and matched at a single price.

The Exchange stated that if the price disparity between preferred and common shares exceeds 50% on the end date of July 6, the short-term overheated stock designation period can be extended again by three trading days each time, without limitation on the number of extensions. Additionally, even if trading is suspended during the single-price trading application period, the suspension days are included in the single-price trading period. Once the short-term overheated stock designation is finally terminated, the designation is automatically lifted from the next trading day without a separate market announcement.

Market experts advise that stocks with a significant price gap between preferred and common shares are likely to experience increased volatility, so investors should carefully review the price disparity and any changes in trading methods before investing.

[This article was written with the assistance of AI. This article does not constitute investment advice, and any losses resulting from investments are the responsibility of the investor.]