SM Entertainment’s stock price is increasing for three days in a row.
Currently at 9:41 a.m., 1 July, SM stocks are being traded at 24,650 Won, 4.45% up from the previous day. SM stocks have been showing an upward turn except July 28th since June 24th.
The recent strength of SM stocks is attributed to the fact SHINee’s debut single is selling well.
SHINee sold 91,000 copies of their debut single in the first week. This is the best record made by Korean singers who ventured into Japan.
People in the stock street forecast that SM will continue to make good sales with the diversification of their artists in Japan.
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SM stock price went up to 24,700 Won, reaching a record high for the past 52 weeks.
Currently at 10 a.m., 1 July, SM stocks are being traded at 24,350 Won, 750 Won (3.18%) up from the previous day.
SM stocks have shown an upward turn since June 24th except for the 28th when they remained steady. The increase amounts to 29%.
[from Asia Economy http://www.asiae.co.kr/news/view.htm?idxno=2011070109585816815]
This is crazy! 29% up for the past week 0_0