South Korea Stocks: Capro, Korea Zinc, Namhae, Samsung Fire
South Korea’s Kospi index rose 6.40, or 0.3 percent, to 1,911.03 as of 9:38 a.m. in Seoul today.
The following are among the most-active stocks in South Korean markets.
Fertilizer makers: Namhae Chemical Corp. (025860 KS) jumped 4.1 percent to 18,850 won. Capro Corp. (006380 KS) added 2.8 percent to 18,350 won. The companies rose after Woori Investment & Securities Co. said global fertilizer prices should remain “strong.”
China will impose a 35 percent temporary tax and a 75 percent special tax on exports of some fertilizer products from today until the end of December, the Ministry of Finance said in a statement posted on its website.
Korea Zinc Co. (010130 KS), which produces gold and silver, gained 1.1 percent to 281,500 won. Gold futures rose to a two- week high as Europe’s escalating debt woes boosted demand for precious metals as a haven asset. Silver jumped 3.7 percent, capping the biggest monthly gain since May 2009.
Samsung Fire & Marine Insurance Co. (000810 KS), a South Korean non-life insurance services provider, climbed 1.1 percent to 193,000 won. The company was rated “overweight” in new coverage at JPMorgan Chase & Co., which has a share-price estimate of 250,000 won.
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