How far will the stock price of Aromatica, a newly listed cosmetics company, fall? When will it rebound?
Aromatica began trading on November 27, and on the first day its stock surged 149%. On December 1, it closed at 20,500 KRW, creating a positive investment atmosphere.
However, starting from December 2, the stock price continued to decline, dropping below the 15,000 KRW level on the 11th, which shocked the market. Today (December 12), it fell again by -13.06%, closing at 12,710 KRW.
If such declines continue into next week, there is a possibility that the price could fall below the 10,000 KRW level. Therefore, it is expected that measures will need to be announced to stop the downward trend.
Institutions, as in the past, sold more than 780,000 shares in large volumes on November 27 when the stock hit its peak on the first day of listing. Today, they sold more than 470,000 shares, further fueling the decline.
In comparison, LG Household & Health Care halted its four-day consecutive decline and rose 4,000 KRW (1.54%). However, foreign investors have been selling for 15 consecutive days.
Meanwhile, the KOSPI index rebounded after four days thanks to positive momentum from the U.S. stock market, but the cosmetics sector fell -0.23%, with 40 out of 68 stocks declining.
The Korea Exchange announced in its market brief: “Today, the KOSPI rebounded after four days, closing at 4,167.16 (+1.38), while the KOSDAQ rose after one day, closing at 937.34 (+0.29).”
It explained: “The KOSPI opened higher, influenced by the U.S. stock market hitting an all-time high the previous day, and rose more than 1% as institutional buying flowed into electronics stocks.”
출처 : 뷰티경제(https://www.thebk.co.kr)