Bitgwaelectronics (069540) rose to its daily price limit during the session on the 28th, hitting the upper limit and showing strength for a second consecutive day following the previous day, drawing concentrated market attention.

On the KOSDAQ market on the 28th, Bitgwaelectronics finished trading at 4,195 won, up 965 won (29.88%) from the previous trading day. The stock had risen more than 7% in the session on the 27th, and on this day it greatly expanded its gains, extending its upward trend.

An order announcement lies behind the stock price surge. Bitgwaelectronics announced on the 28th that it received an initial mass-production order for optical transceivers used in cable TV networks from a U.S. optical communications company. As the order news spread and the stock price reached the upper limit, attention is also focused on the future direction of the share price.

Strong buying is also flowing into the broader stock market. At the same time, the KOSDAQ index was up 23.76 points (3.19%) from the previous trading day at 767.59, while the KOSPI index was up 357.38 points (6.33%) at 5,995.72.

[This article is for investment reference only and is not a recommendation to buy or sell. Investment decisions and responsibilities rest with the investor.]