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[Alpha Biz=(Chicago) Reporter Kim Jisun] The Korea Exchange has announced a suspension of trading on Kum Yang. If Kum Yang shares soar further, stock trading could be suspended for one day on the 7th.
On the 3rd, the Korea Exchange Market Monitoring Committee designated the 4th as the date for the suspension of trading, saying, "Kum Yang may be suspended from trading if the stock price rises further due to the current investment warning stocks."
As a result, if the closing price of Kum Yang on the 4th rises more than 40% from the closing price on the 2nd and is higher than the closing price of the day before the designation of investment warning stocks, trading will be suspended for one day on the 7th. Geumyang was previously designated as an investment warning item on the 24th of last month.
According to the conditions, if the stock price of Geumyang is more than 193,400 won based on the closing price on the 4th, the sale will be suspended for one day on the 7th, the next trading day. This is up more than 44,400 won (29.79%) from the closing price on the 3rd.
The exchange designates stocks that require investment attention, such as a sharp rise in stock prices for a certain period of time, as market warning items in the stage of "investment caution → investment warning → investment risk items." Trading may be suspended under conditions at the stage of investment warnings and risky items.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
