ID :
191986
Thu, 06/30/2011 - 10:40
Auther :
Shortlink :
https://oananews.org//node/191986
The shortlink copeid
Seoul shares end up 0.3 pct on Greek relief
SEOUL, June 30 (Yonhap) -- South Korean stocks rose 0.3 percent Thursday as Greece's adoption of a reform plan unleashed foreign buying, but gains were limited by bearish chip makers and oil refiners, analysts said. The local currency climbed against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 6.27 points to 2,100.69, rising for a second straight session. Trading volume was moderate at 254 million shares worth 6.36 trillion won (US$5.93 billion) with gainers leading losers 512 to 297.
"Investor sentiment was not so strong," said Lee Kyung-soo, an analyst at Shinyoung Securities. "Market leaders, such as chemicals, techs and automakers are losing steam due to lingering uncertainties about the U.S. economy."
Foreign investors remained net buyers of local stocks for a second straight day, but their net purchases halved to 181.1 billion won.
SK Telecom, the leading mobile carrier, rose 1.25 percent to 161,500 won after it unveiled plans for the next-generation wireless service. Smaller rival KT Corp. rose 2.13 percent to 40,700 won.
Semiconductor makers lost ground as weak memory chip prices were feared to hurt their income. Market heavyweight Samsung Electronics lost 0.84 percent to 826,000 won, and chip-making giant Hynix Semiconductor slumped 1.96 percent to 25,050 won.
Oil refiners also went south, with the industry leader SK Innovation slumping 0.99 percent to 200,500 won. S-Oil sank 1.79 percent to 137,500 won.
The local currency closed at 1,067.7 won to the greenback, up 9.1 won from Wednesday's close, as offshore investors increased holdings of local shares, dealers said.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 6.27 points to 2,100.69, rising for a second straight session. Trading volume was moderate at 254 million shares worth 6.36 trillion won (US$5.93 billion) with gainers leading losers 512 to 297.
"Investor sentiment was not so strong," said Lee Kyung-soo, an analyst at Shinyoung Securities. "Market leaders, such as chemicals, techs and automakers are losing steam due to lingering uncertainties about the U.S. economy."
Foreign investors remained net buyers of local stocks for a second straight day, but their net purchases halved to 181.1 billion won.
SK Telecom, the leading mobile carrier, rose 1.25 percent to 161,500 won after it unveiled plans for the next-generation wireless service. Smaller rival KT Corp. rose 2.13 percent to 40,700 won.
Semiconductor makers lost ground as weak memory chip prices were feared to hurt their income. Market heavyweight Samsung Electronics lost 0.84 percent to 826,000 won, and chip-making giant Hynix Semiconductor slumped 1.96 percent to 25,050 won.
Oil refiners also went south, with the industry leader SK Innovation slumping 0.99 percent to 200,500 won. S-Oil sank 1.79 percent to 137,500 won.
The local currency closed at 1,067.7 won to the greenback, up 9.1 won from Wednesday's close, as offshore investors increased holdings of local shares, dealers said.
