Cheil Express (000650) is continuing its strong upward trend with a sharp surge.

During the morning session on the 23rd, Cheil Express traded at 219,000 KRW, up 40,100 KRW (22.41%) from the previous trading day, comfortably surpassing the 200,000 KRW level. As buying interest poured in, trading volume significantly exceeded usual levels, and a buy order of 224,000 KRW appeared on the upper end of the order book during the session, reflecting growing expectations for further gains.

Steep Upward Trend Over the Past Week

Cheil Express has recorded a steep upward trend over the past several days. After trading at around 198,000 KRW on June 18, 183,000 KRW on the 19th, and 178,900 KRW on the 20th, it soared to 219,000 KRW on this day, significantly expanding its short-term gains.

The market believes that the stock's characteristics of having a limited number of floating shares, along with improving supply-demand dynamics, have driven the price increase. Analysts note that as investor attention converges, buy orders are flowing in rapidly, reflecting strong investor sentiment.

"Need to Be Wary of Expanding Volatility"

However, some have pointed out the need to be cautious about the possibility of widening volatility following the short-term surge. Typically, stocks hitting new highs can form strong upward trends, but if profit-taking sell orders emerge, the price fluctuation range could widen significantly.

The market views that whether trading volume continues and the direction of supply-demand flows will be the key variables determining further upside in Cheil Express's share price.

[※ This article was written with AI assistance based on publicly available data and market information. The content included in this article is for reference purposes only for investment decisions and does not constitute a buy or sell recommendation for any specific stock or guarantee any returns. The stock market can fluctuate due to various variables, so investment decisions should be made based on the investor's own judgment and responsibility. Some information interpretation or errors may occur during the AI analysis process, so please be sure to verify disclosure materials and company announcements before making any final investment decisions.]