Alteogen (196170) shares closed lower on the 2nd, ahead of the Gaecheonjeol holiday weekend.

■ Below the 260,000-won level... pushed down to 257,000 won intraday

On the KOSDAQ market that day, Alteogen finished at 259,500 won, down 5,500 won (2.08%) from the previous trading day. Falling from the prior session's close of 265,000 won, the stock slipped below the 260,000-won level, and at one point during the session it was pushed down to 257,000 won, continuing its weakness.

The same day, the KOSDAQ index closed flat, down 1.00 point (0.11%) from the previous trading day at 893.29. Alteogen, a leading KOSDAQ stock, moved in line with the index's decline, but its drop was relatively larger compared with the index.

■ Recovery of the 260,000-won level is the key point to watch in the October 6 session

Whether Alteogen can quickly recover the 260,000-won level in the session on the 6th, when trading resumes after the holiday, is a key point to watch. Attention needs to be paid to the direction of investor sentiment across the biotech sector as a whole and to changes in the supply-and-demand flows of foreign and institutional investors within the KOSDAQ market.

[This article is not intended to solicit investment, and investment decisions and any resulting responsibility rest with the investor.]