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Amid Market Plunge, Fintech and SyntheKabio Hit Upper Limits... Volatility in Next Session 'in Focus'

Even as the domestic stock market plunged more than 5% in an unusual session on the 24th, stocks that punched through the market weakness to hit their upper pri

Oseong Kwon
Staff Reporter
4 min read
Amid Market Plunge, Fintech and SyntheKabio Hit Upper Limits... Volatility in Next Session 'in Focus'
CBC News

Even as the domestic stock market plunged more than 5% in an unusual session on the 24th, stocks that punched through the market weakness to hit their upper price limits made a strong impression. Investors are keenly focused on whether these stocks can sustain their upward momentum into the next trading day.

◆ String of Upper-Limit Stocks Amid Market Plunge As of the market close on the 24th, Finetec finished trading at 2,340 won, surging 30.0%, the daily price limit. It was followed by Jinhung Co. 2nd Preferred B (29.9%), SyntheKabio (29.9%), Winix (29.9%), Softcenter Preferred (29.9%), Exicon Group (29.9%), and ICH (29.9%), which all hit their upper limits in unison.

In addition, EngenBio (29.8%), CJ Seafood 1st Preferred (29.8%), and Ilseung (29.8%) posted gains approaching 30%, placing them among the market's top performers.

These stocks are believed to have attracted strong buying interest as individual catalysts aligned with supply and demand dynamics. In particular, stocks that recorded upper-limit gains during the broader plunge saw short-term investment sentiment concentrate in them, accompanied by high trading volumes and volatility.

◆ Broader Market 'Severely Contracted'... KOSPI Down 5.72% Meanwhile, the overall market sentiment was severely contracted. On the same day, the KOSPI closed at 6,690.62, down 406.27 points (5.72%) from the previous trading day, while the KOSDAQ finished at 748.22, down 42.06 points (5.32%). A sell-side trading curb was triggered during the session, reflecting a sharp freeze in investor sentiment, and nearly all sectors posted losses together.

◆ 'Volatility' Is the Key Point for the Next Session The market is watching closely to see whether buying interest will continue into the next trading day, given that upper-limit stocks showed strong resilience even during the plunge. However, some analysts caution that volatility could expand, advising investors to stay alert.

[※ This article is provided as reference material for investment decisions and does not recommend buying or selling any specific stock.]

Oseong Kwon
Staff Reporter

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