[Featured Stock] Doosan Bobcat Drops Over 9% Amid Block Deal Impact

[Asia Economy Reporter Lee Jung-yoon] Due to the impact of a block deal (large-scale sale), Doosan Bobcat fell more than 9%.

As of 9:32 a.m. on the 30th, Doosan Bobcat was traded at 37,400 KRW, down 9.55% (3,950 KRW) from the previous day.

Doosan Bobcat appears to be declining following news that four securities firms?NH Securities, Korea Investment & Securities, Kiwoom Securities, and Shin Young Securities?are disposing of 5 million shares (4.98%) in the form of a block deal. According to the financial investment industry, they have begun demand forecasting targeting institutional investors for the sale.