‘Insider Trading Investigation’... EcoPro Trio Plummets 10%
[Asia Economy Reporter Minji Lee] The stock prices of the EcoPro trio, who are under investigation for insider trading allegations, are experiencing a sharp decline.
At 10:18 AM on the 7th, EcoPro was trading at 64,200 KRW on the KOSDAQ market, down 10.83% from the previous trading day. EcoPro BM and EcoPro HN fell by 9.28% and 5.12%, respectively. Since the 26th, the EcoPro trio has been on a downward trend following news that financial authorities and prosecutors have detected insider trading suspicions involving some executives and employees and are conducting investigations.
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As the net selling volume by foreign investors and institutions increases, the stock prices of these companies continue to decline. Since the 26th until the day before, institutions sold EcoPro shares worth 31.4 billion KRW and net sold EcoPro BM shares worth 3 billion KRW. Foreign investors sold EcoPro BM shares worth 119 billion KRW.
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