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[NEWS] SM Stock Price Rises Sharply with SHINee's Japanese Debut
top â–² | add + | 0 comment(s) | 2011/06/24 @ 8:45 PM



(A/N: SM stocks closed at 20,150 today and its up 6.61% – the highest growth rate this year. News sites are calling this the "SHINee Effect'.

SHINee’s debut album sales hit oricon charts at 2nd place upon release, beating out big-name Japanese artists such as AAA, T.M. Revolution, GReeeeN, and Dir En Grey. 120,000 copies of the debut single were made for the first shipments, which means its marketing is made through Youtube. It has a positive effect on SM Entertainment’s sales.

[from SBSCNBC]

SM Entertainment stocks are showing strong as the visible results of “New Korean Wave” are confirmed.

In the Kosdaq market on June 24, SM stocks are being traded at 19,400 Won (currently 9:13 a.m.), 2.65% up from the previous day.

Daewoo Securities presented SM’s stock goal price as 30,000 Won with a comment that SM artists are making good sales overseas.

[from Yonhap News]

SHINee, having overtaken Super Junior's first-week record (59,262) with 68,685 copies sold in only 2 days, are well on their way to setting records for kpop groups in Japan as they have already surpassed the highest sales of first week of sales for any kpop debut.

Stay tuned for the rest of the week as the boys definitely setting the bar high for future kpop acts to come.

source: omonatheydidnt


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