Pre-market: Matsumoto (7901.T) down 21.52% to JPY 1823, watch volume
The 7901.T stock plunged in pre-market trade, dropping 21.52% to JPY 1823.00 on unusually high volume of 513,200 shares. This move follows an intraday high of JPY 2823.00 and an open at JPY 2673.00, signalling aggressive selling pressure ahead of the next earnings date. We examine why Matsumoto Inc. (7901.T) on the JPX is under pressure, link the financial ratios to the price move, and flag short-term support and risk levels for Japan-listed investors.
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