[Featured Stock] Samsung Heavy Industries Preferred Stock Falls for 3 Consecutive Trading Days... Down 9%

[Asia Economy Reporter Oh Ju-yeon] Following the rapid rise and fall last month, Samsung Heavy Industries preferred shares, which surged again this month, have fallen for three consecutive trading days.

According to the Korea Exchange on the 13th, as of 10:33 a.m., Samsung Heavy Industries preferred shares were trading at 494,500 KRW, down 9.43% from the previous trading day.

The price of Samsung Heavy Industries preferred shares surged nearly 20 times in less than a month, rising from 54,500 KRW at the close on the 1st of last month to an intraday high of 960,000 KRW on the 19th. After the price receded like an ebb tide, it fell to 313,500 KRW at the close on the 3rd of this month, but demand for the preferred shares surged again, causing the price to jump 168.9% to 843,000 KRW intraday on the 9th.

As the preferred shares continue to fluctuate wildly, raising concerns about investor losses, the Korea Exchange has decided to focus on managing preferred shares that show excessive price volatility, such as those with a price difference of over 10,000% compared to common shares. They announced plans to strengthen listing and delisting requirements and to apply continuous single-price trading, which has caused the price of Samsung Heavy Industries preferred shares to plummet again.

Since closing at 620,000 KRW on the 9th, Samsung Heavy Industries preferred shares have fallen for three consecutive trading days, dropping about 19.6% during this period.