NICE Information Service plunges 12% on the first day of KOSPI listing

Reporter Paul Lee / approved : 2023-08-09 02:02:02
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[Apha Biz=(Chicago) Reporter Paul Lee] Shares of NICE Information Service, previously listed on the KOSDAQ market on the 8th, plunged 12%.

On the stock market, NICE Information Service closed at 10,560 won, down 12.0% from the previous trading day's close.

At the time of listing on the KOSDAQ market, NICE Information Service was included in the KOSDAQ 150 composition and could be sold short, but it became impossible to sell short stock as it moved to the securities market.

On the previous day, NICE Information Service's stock price moved between KRW 10,000∼ and KRW 11,000, but the closing price was formed at KRW 120,000 10 minutes before the end of the market, soaring 10.29% from the previous price (KRW 10,880).

The exchange has designated NICE Information Service as an investment stock, citing a sharp drop in the closing price.

According to the exchange, the largest investor involved in the closing price of the NICE Information Service on the previous day was foreigners, and the participation rate of the closing account was 24.34%. The closing trading ratio was 34.52%.

 

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)

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