Indonesia stock info - South Korean stocks outlook next week april 2-6 2012 ; South Korean stocks are likely to be locked in range-bound trading next week as investors step to the sidelines amid growing market uncertainty, analysts said Saturday.
The country's key stock index, the KOSPI, closed at 2,014.04 on Friday, down 0.02 percent, but posted its largest quarterly gain for the January-March period.
"For the time being, the local stock market will stay in a tight range as there are neither positive nor negative factors that significantly affect investor sentiment," said Lee Seung-woo, an analyst at Daewoo Securities.
Analysts said a series of economic data to be released in the U.S. may show the world's largest economy on a recovery track, helping boost investor sentiment here.
However, investors may worry about the lingering debt problem in the eurozone.
Standard & Poor's said earlier this week Greece may have to restructure its debt again, and market speculation is rising that Spain may be the next bailout candidate, according to analysts.
Meanwhile, the Dow Jones industrial average index rose Friday on hopes of a U.S. economic recovery, adding 0.50 percent to end at 13,212.04.
Showing posts with label South Korea Stock. Show all posts
Showing posts with label South Korea Stock. Show all posts
South Korean stock market december 1 2011
Indonesia stock info - South Korean stock market december 1 2011 ; South Korean shares gained Thursday riding on the back of a broad-based rally in Asian stock markets following coordinated action by major central banks to lower dollar funding costs for European banks.
The Korea Composite Stock Price Index, or Kospi, was 3.7% higher at 1916.18, its highest finish since Nov. 7 as both domestic institutions and foreigners aggressively snatched up local stocks worth a net KRW1.1 trillion and KRW628 billion, respectively.
The coordinated action "is meaningful in a sense that the help is coming from all-around, not just Europe...With this, Europe is bound to come up with their own measures," soon, in a bid to resolve the region's sovereign debt crisis, said Shinhan Investment Corp. analyst Lee Sun-yup. "This is just the start."
Lee expects the index to build on the momentum in the near term, possibly rising as high as 2050.
Buying on the Kospi heated up in the afternoon, triggering the Korea Exchange to briefly halt programmed trading for five minutes from 0437 GMT to 0442 GMT, its first such attempt this year to cool a frenzied market. The last time KRX temporarily seized program trading was to alleviate selling momentum on Oct. 4.
Gains were broad-based across sectors with brokerages outperforming: Woori Investment & Securities ended 14.1% higher at KRW11,350 while Daewoo Securities advanced 13.4% to KRW10,700.
Cyclicals such as chemicals steels and techs also shined. SK Innovation ended 8.3% up at KRW175,500 while Hanwha Chemical climbed KRW11.4% to KRW28,450. Electronics giant Samsung Electronics (005930.SE) rose 7% to KRW1,074,000.
How shares of Hana Financial and Korea Exchange Bank perform will be eyed after a person familiar with the matter told Dow Jones Newswires earlier in the day that Hana has agreed a deal with Lone Star Funds to buy a 51.02% stake in KEB for KRW3.916 trillion ($3.48 billion), 11% cheaper than the original sale price of KRW4.41 trillion.
Market focus will also be on whether local retail investors continue to offload stocks after dumping a net KRW1.7 trillion worth shares Thursday alone, capping Kospi's gains.
The Korea Composite Stock Price Index, or Kospi, was 3.7% higher at 1916.18, its highest finish since Nov. 7 as both domestic institutions and foreigners aggressively snatched up local stocks worth a net KRW1.1 trillion and KRW628 billion, respectively.
The coordinated action "is meaningful in a sense that the help is coming from all-around, not just Europe...With this, Europe is bound to come up with their own measures," soon, in a bid to resolve the region's sovereign debt crisis, said Shinhan Investment Corp. analyst Lee Sun-yup. "This is just the start."
Lee expects the index to build on the momentum in the near term, possibly rising as high as 2050.
Buying on the Kospi heated up in the afternoon, triggering the Korea Exchange to briefly halt programmed trading for five minutes from 0437 GMT to 0442 GMT, its first such attempt this year to cool a frenzied market. The last time KRX temporarily seized program trading was to alleviate selling momentum on Oct. 4.
Gains were broad-based across sectors with brokerages outperforming: Woori Investment & Securities ended 14.1% higher at KRW11,350 while Daewoo Securities advanced 13.4% to KRW10,700.
Cyclicals such as chemicals steels and techs also shined. SK Innovation ended 8.3% up at KRW175,500 while Hanwha Chemical climbed KRW11.4% to KRW28,450. Electronics giant Samsung Electronics (005930.SE) rose 7% to KRW1,074,000.
How shares of Hana Financial and Korea Exchange Bank perform will be eyed after a person familiar with the matter told Dow Jones Newswires earlier in the day that Hana has agreed a deal with Lone Star Funds to buy a 51.02% stake in KEB for KRW3.916 trillion ($3.48 billion), 11% cheaper than the original sale price of KRW4.41 trillion.
Market focus will also be on whether local retail investors continue to offload stocks after dumping a net KRW1.7 trillion worth shares Thursday alone, capping Kospi's gains.
Kyobo, LG Electronics, Nexolon, Poongsan South Korea Stocks preview october 14 2011
Indonesia stock info - Kyobo, LG Electronics, Nexolon, Poongsan South Korea Stocks preview october 14 2011 ; Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of 9:28 a.m. in Seoul. The Kospi Index fell 0.8 percent to 1,809.51, following a six-day, 9.4 percent advance. The gauge is set to post a 2.8 percent gain for the week.
Metal-related companies: Poongsan Corp. (103140 KS), a copper-products maker, retreated 2.9 percent to 30,500 won. Korea Zinc Co. (010130 KS), which produces gold and silver, sank 2.9 percent to 298,000 won. Copper futures yesterday fell the most this month. Silver futures for December delivery dropped 3.4 percent, the most since Sept. 28.
Kyobo Securities Co. (030610 KS), a brokerage, rallied 3.1 percent to 4,960 won. The company will buy back 1 million shares to stabilize its stock price, according to a regulatory filing.
LG Electronics Inc. (066570 KS), the world’s third-largest mobile-phone maker, fell 3.2 percent to 70,700 won, heading for the biggest drop since Sept. 23. The company had its Baa2 issuer and senior unsecured debt ratings outlook cut to “negative” from “stable” by Moody’s Investors Service. LG Electronics’ competitive position in its handset business has weakened, Moody’s said in a statement.
Nexolon Co. (110570 KS), South Korea’s biggest maker of silicon ingots and wafers used in solar cells, advanced to 5,500 won in its Seoul trading debut, from the initial public offering price of 4,000 won.
Metal-related companies: Poongsan Corp. (103140 KS), a copper-products maker, retreated 2.9 percent to 30,500 won. Korea Zinc Co. (010130 KS), which produces gold and silver, sank 2.9 percent to 298,000 won. Copper futures yesterday fell the most this month. Silver futures for December delivery dropped 3.4 percent, the most since Sept. 28.
Kyobo Securities Co. (030610 KS), a brokerage, rallied 3.1 percent to 4,960 won. The company will buy back 1 million shares to stabilize its stock price, according to a regulatory filing.
LG Electronics Inc. (066570 KS), the world’s third-largest mobile-phone maker, fell 3.2 percent to 70,700 won, heading for the biggest drop since Sept. 23. The company had its Baa2 issuer and senior unsecured debt ratings outlook cut to “negative” from “stable” by Moody’s Investors Service. LG Electronics’ competitive position in its handset business has weakened, Moody’s said in a statement.
Nexolon Co. (110570 KS), South Korea’s biggest maker of silicon ingots and wafers used in solar cells, advanced to 5,500 won in its Seoul trading debut, from the initial public offering price of 4,000 won.
South Korea Stock Movers july 27 2011
Indonesia stock info - South Korea Stock Movers july 27 2011 ; Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the 3 p.m. close in Seoul. The Kospi Index (KOSPI) rose 5.61, or 0.3 percent, to 2,174.31, rising for a second day.
Hankook Tire Co. (000240 KS), South Korea’s biggest tiremaker, fell 5.6 percent to 43,000 won, the steepest drop since June 13. Woori Investment & Securities Co. cut its rating to “hold” from “buy,” saying the current stock price mostly reflects an expected improvement in margins next year, according to a report today.
LG Electronics Inc. (066570) (066570 KS), the world’s third-largest mobile-phone maker, rallied 2.6 percent to 83,800 won, the biggest increase since July 15. The stock gained after the company reported losses at its wireless division that were narrower than analysts had estimated. The loss at the mobile- phone division totaled 54 billion won ($51 million) in the three months ended in June, compared with a median estimate for a loss of 80.2 billion won in a Bloomberg News survey of six analysts.
Samho International Co. (001880 KS) tumbled 15 percent to 2,440 won, after a company whose asset-backed commercial papers were backed by Samho failed to make payment. Samho made the statement on the commercial papers in a regulatory filing yesterday after the market closed. Daelim Industrial Co. (000210 KS), Samho’s biggest shareholder, also lost 4.8 percent to 128,000 won.
Hankook Tire Co. (000240 KS), South Korea’s biggest tiremaker, fell 5.6 percent to 43,000 won, the steepest drop since June 13. Woori Investment & Securities Co. cut its rating to “hold” from “buy,” saying the current stock price mostly reflects an expected improvement in margins next year, according to a report today.
LG Electronics Inc. (066570) (066570 KS), the world’s third-largest mobile-phone maker, rallied 2.6 percent to 83,800 won, the biggest increase since July 15. The stock gained after the company reported losses at its wireless division that were narrower than analysts had estimated. The loss at the mobile- phone division totaled 54 billion won ($51 million) in the three months ended in June, compared with a median estimate for a loss of 80.2 billion won in a Bloomberg News survey of six analysts.
Samho International Co. (001880 KS) tumbled 15 percent to 2,440 won, after a company whose asset-backed commercial papers were backed by Samho failed to make payment. Samho made the statement on the commercial papers in a regulatory filing yesterday after the market closed. Daelim Industrial Co. (000210 KS), Samho’s biggest shareholder, also lost 4.8 percent to 128,000 won.
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