On the 26th, MegaStudy shares were lower in early trading. The weakness was seen as tied to MegaStudy's ex-dividend date.
As of 9:58 a.m., MegaStudy was trading on the KOSDAQ market at 11,680 won, down 1,090 won (8.54%) from the previous session.
According to the Financial Supervisory Service's electronic disclosure system, on the 25th, the KOSDAQ Market Headquarters of the Korea Exchange (KRX) said MegaStudy went ex-dividend that day.
Shareholders must buy shares by a specific point designated as the record date for dividends in order to receive dividends.
To receive dividends, investors must buy shares by two business days before the record date, and starting the very next day, the right to receive dividends lapses and the shares go ex-dividend. On the ex-dividend date, even if investors buy shares, they do not obtain dividend rights, which can reduce buying interest.