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[Alpha Biz=(Chicago) Reporter Kim Jisun] Ecopro Materials has been designated as an investment stock as it hit the upper limit for two consecutive trading days since its listing on the securities market.
On the 21st, the Korea Exchange announced the designation of investment warning items for Ecopro Materials and decided to designate them as investment stocks for one day on the 22nd. The Korea Exchange cited that the closing price of Ecopro Materials rose more than 100% from the previous day's closing price on the 3rd.
The exchange's market warning system is a system in which the exchange notifies investment risks in stocks of the possibility of unfair trading, such as concentrated trading in a small number of accounts or soaring stock prices for a certain period of time. It is divided into three stages of investment caution→investment warning→investment risk, and trading may be temporarily suspended during the investment warning and investment risk stage.
Ecopro Materials closed the deal at 96,500 won, up to the price limit (29.88%). It is the upper limit for two consecutive trading days following the previous day. The market capitalization was 6.5839 trillion won, ranking 51st in the securities market. Based on the public offering price (36,200 won), the market capitalization (2.56 trillion won) increased by 157.1%.
Ecopro Materials' stock price hike was led by individuals. From the 17th, the first day of listing, individuals bought a total of 263 billion won worth of net purchases, while foreigners and institutions sold a net 135.5 billion won and 133.5 billion won, respectively.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
