[Hot Stock] Seegene Surges Again Amid Emergence of COVID-19 'Super Variant'

On the 26th, as the number of severe COVID-19 patients rapidly increased, raising concerns about a shortage of hospital beds, citizens visiting the screening clinic set up at Songpa-gu Public Health Center in Seoul were waiting to get tested. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Ji Yeon-jin] Seegene's stock price surged again on the 24th following news of the discovery of a COVID-19 super variant.

As of 9:58 AM on the same day, Seegene was trading at 65,400 KRW on the KOSDAQ market, up 6.68% (4,100 KRW) compared to the previous day.

The news that a COVID-19 variant with dozens of mutations at once was discovered in South Africa and Botswana appears to have been the momentum behind the stock price increase.

As of midnight on the same day, the number of confirmed COVID-19 cases was 3,938, continuing a sharp rise around 4,000 cases daily since the 24th. Seegene's stock price had also risen 12.97% on the 24th, when the number of confirmed COVID-19 cases exceeded 4,000 for the first time this year.