[Featured Stock] BigHit Extends Afternoon Decline... Drops 20% to Early 200,000 KRW Range
[Asia Economy Reporter Oh Ju-yeon] Big Hit, which was listed on the KOSPI market on the 15th, has shown a decline for the second consecutive day and is barely maintaining the 200,000 KRW range.
As of 2:14 PM on the 16th, Big Hit's stock price was trading at 205,500 KRW, down 20.35% compared to the previous trading day.
In the morning, it fell by over 13% to around 223,000 KRW, but the decline widened in the afternoon, dropping to the low 200,000 KRW range.
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On the previous day, Big Hit closed at 258,000 KRW, down 4.44% from the opening price of 270,000 KRW. On that day, Big Hit opened at 270,000 KRW, which is twice the public offering price of 135,000 KRW, and reached the price limit of 351,000 KRW, achieving the so-called 'ttasang' (first-day double price limit up). However, selling pressure mainly from institutions and foreigners led to a decline by the close.
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