Stocks in Focus

"Up, Up, Up, Up": Honam Semiconductor News Sends Shares Soaring… "KUMHOE&C" Rises Like a Flame [Featured Stocks]

[Edaily Reporter kyoungeun kim ] As the government unveiled plans for a semiconductor cluster to establish production hubs for SamsungElectronics and SK hynix in the Honam region, KUMHOE&C(002990)hit the daily price limit for the fourth consecutive trading day.
According to MP Doctor on the 1st, as of 9:16 a.m., KUMHOE&C(002990)was trading at 14,540 won, up 3,350 won (29.94%) from the previous day.
The former Kumho Asiana Group headquarters (Photo: E-Daily DB)
As investment plans by SamsungElectronics and SK hynix in the Honam, Chungcheong, and Yeongnam regions took shape following the government’s announcement of its mega-project, expectations continue to grow that companies based in the Gwangju and South Jeolla regions will benefit.
At the same time, KumhoElectric(001210)is trading at 1,402 won, up 228 won (19.42%) from the previous day. Nam Hwa Construction Company, Limited(091590)(091590) is also trading at 7,660 won, up 250 won (3.37%) from the previous day.
KUMHOE&C has been hitting the daily price limit for consecutive days since the 26th. However, as the sharp rise continued, the stock exchange designated KumhoElectric and Nam Hwa Construction Company, Limited as “investment warning stocks” and KUMHOE&C as an “investment caution stock” the previous day.
Stocks designated as “investment warning” may have trading suspended if they rise by more than 40% over the next two trading days and exceed the closing price from the 29th of last month.
If a stock is designated as an “investment caution” stock, its alert level may be upgraded to “investment warning” if, between today and the 13th of next month, the closing price surges by 60% compared to five trading days prior or by 100% or more compared to 15 trading days prior.
For companies designated as “Investment Warning” stocks, trading may be suspended if the stock price rises by more than 40% over the next two trading days and exceeds the closing price on the 29th of last month.

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