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Hanwha Ocean Shares Plunge 5.19%... Returns to '80,000 Ocean,' Giving Up Previous Day's Gains

During trading on the 11th, Hanwha Ocean (042660) shares showed weakness, falling back to the '80,000 won' range. Although the stock surged sharply the previous day, it is largely giving back those gains today. As of 1:25 p.m. on this day, Hanwha Ocean is trading at 89,500 won, down 4,900 won (5.19

Oseong Kwon
Staff Reporter
2 min read
Hanwha Ocean Shares Plunge 5.19%... Returns to '80,000 Ocean,' Giving Up Previous Day's Gains
CBC News

During trading on the 11th, Hanwha Ocean (042660) shares showed weakness, falling back to the '80,000 won' range. Although the stock surged sharply the previous day, it is largely giving back those gains today.

As of 1:25 p.m. on this day, Hanwha Ocean is trading at 89,500 won, down 4,900 won (5.19%) from the previous trading day. Hanwha Ocean rose 5,000 won to close in the previous regular session, but selling pressure emerged in today's session, reversing most of the prior day's gains.

In particular, the stock's loss of the 90,000-won level and return to the so-called '80,000 Ocean' zone is drawing attention. Given the widening price fluctuations recently, whether the stock can narrow its losses and recover the 90,000-won level in the latter half of the session is a key point to watch going forward.

Meanwhile, the KOSPI index, to which Hanwha Ocean belongs, widened its decline to 6,213.78 intraday before turning to strength, currently up 1.44% at around the 6,390 level.

[※ This article is not intended to solicit investment, and the final decision and responsibility for investing rest with the investor.]

Oseong Kwon
Staff Reporter

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