EcoPro BM saw a sharp decline in response to a "sell" report from the securities industry, reaching a new 52-week low.
Kim Minyoung
kimmy@alphabiz.co.kr | 2024-05-30 05:25:55
(Photo= Yonhap news)
[Alpha Biz= Reporter Kim Minyoung] On the 29th, EcoPro BM closed at 187,500 won, down 11,100 won (5.59%) from the previous day. This marks the lowest closing price since November 1st last year (188,600 won). EcoPro BM had also closed down by 4.75% the day before.
Foreign investors and institutions sold 8.7 billion won and 16.5 billion won, respectively, while individuals alone net purchased 24.9 billion won.
The previous day, Hi Investment & Securities downgraded its investment recommendation for EcoPro BM, citing significant valuation pressure, lowering its target price from 200,000 won to 150,000 won, the lowest target price among EcoPro BM reports issued in the past year.
Meanwhile, EcoPro also closed lower at 93,000 won, down 4,400 won (4.65%) from the previous day's close of 97,400 won. EcoPro had also ended the previous day down by 2.67%.
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