Shares of the following companies HAD unusual moves in Seoul trading. Stock symbols are in parentheses and prices are as of 9:44 a.m.
The Kospi index (KOSPI) rose 2.1 percent to 1,964.16.
OCI Co. (010060 KS) rose 3.3 percent to 435,500 won. Danen Technology Corp. signed a $161 million contract to buy polysilicon from OCI for seven years, Taiwan-based Danen said in a statement to the stock exchange.
Ssangyong Cement Industrial Co. (003410 KS), South Korea’s biggest cement maker, jumped 9.6 percent to 9,850 won. The stock gained 45 percent this week on speculation reconstruction work in Japan after the country’s worst earthquake on record will boost cement demand.
To contact the reporter on this story: Jun Yang in Seoul at firstname.lastname@example.org
To contact the editor responsible for this story: Young-Sam Cho at email@example.com.