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[Breaking] Dongwon Development (013120) Hits Upper Limit in 'Surge'... VI Triggered Twice During Session

The stock price of Dongwon Development (013120) surged to the daily price limit, settling at the upper limit. Due to rapid volatility, the Volatility Indicative

Oseong Kwon
Staff Reporter
2 min read
[Breaking] Dongwon Development (013120) Hits Upper Limit in 'Surge'... VI Triggered Twice During Session
CBC News

The stock price of Dongwon Development (013120) surged to the daily price limit, settling at the upper limit. Due to rapid volatility, the Volatility Indicative (VI) was triggered twice in a single day, drawing keen attention from investors.

As of 1:03 p.m. on the 3rd, Dongwon Development was trading at 3,150 won, up 725 won (29.90%) from the previous trading day, renewing its upper limit.

According to the Korea Exchange (KRX), a static VI for Dongwon Development was first triggered at 11:55:24 a.m. and lifted at 11:57:44 a.m. It was then triggered again at 12:45:12 p.m. and lifted at 12:47:36 p.m., indicating significant price volatility.

Despite the VI activations, strong buying pressure continued, ultimately pushing the stock price up to the daily price limit. The market is currently closely watching the company's trading volume, supply and demand changes, and related thematic catalysts.

However, it should be noted that as the stock price surged in a short period of time today, there is a possibility that volatility may further expand going forward.

[※ This article is not intended to solicit investment, and investment decisions and responsibilities lie with the investor.]

Oseong Kwon
Staff Reporter

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