[Featured Stock] SK Bioscience Falls for Four Consecutive Days... Drops Below 140,000 Won
[Asia Economy Reporter Ji Yeon-jin] SK Bioscience, considered the biggest IPO of the year, has been on a decline for four consecutive days since its listing.
As of 10:50 AM, SK Bioscience is trading at 139,500 KRW, down 1,000 KRW (0.71%). It closed at the upper limit price of 169,000 KRW on its first day of listing, achieving a 'ttasang' (first-day limit up followed by a limit up on the second day), but started to decline from the next day, falling below 140,000 KRW today.
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Based on the previous day's closing price, the market capitalization is 10.7483 trillion KRW, down 2.1442 trillion KRW compared to the listing day (12.9285 trillion KRW). Since the listing, foreigners have been selling while individuals have been buying for four consecutive days. During this period, individuals have net purchased 232.5 billion KRW, while foreigners have net sold 170.7 billion KRW.
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