[Special Stock] Jinheung Enterprise Preferred Shares Rally

[Asia Economy Reporter Park So-yeon] Jinheung Enterprise preferred stocks are showing strong performance.

As of 9:33 AM on the 14th, Jinheung Enterprise 2 Preferred B is trading at 20,000 KRW on the KOSPI market, up 4,600 KRW (29.7%) from the previous day. At the same time, Jinheung Enterprise Preferred B is trading at 9,360 KRW, up 1,990 KRW (27%) from the previous day.

Preferred stocks refer to shares that do not grant voting rights but pay higher dividends than common stocks. The reason for the sharp rise in preferred stocks is believed to be that some funds, having nowhere to go amid the absence of leading stocks, have flowed into preferred stocks. Since the number of circulating shares is relatively small, prices can move significantly even with a small amount of money. However, trading volume is also not high, so caution is needed when investing. It may be difficult to sell in time when the stock price plunges.