[Asia Economy Reporter Oh Ju-yeon] Netmarble, which saw a rise in its stock price earlier last month due to the listing issue of Big Hit Entertainment, fell more than 7% on the 15th. This is interpreted as the expectations from Big Hit Entertainment's listing having already been reflected in the previous stock price, and the positive factors having disappeared.
As of 10:02 AM on the day, Netmarble was trading at 141,000 KRW, down 7.24% from the previous trading day.
Netmarble, which holds shares in Big Hit Entertainment, experienced a sharp rise last month as the value of its investment assets was reflected in the stock price, but then turned to a decline, showing a drop of more than 7% on the day of Big Hit's listing.
There is an analysis that the value of investment assets was already reflected in last week's stock price increase.
Lee Min-ah, a researcher at Daishin Securities, said, "There is a possibility of increased short-term stock price volatility following Big Hit Entertainment's listing," adding, "However, even considering the value of the shares, the upside from the current stock price is limited."
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