South Korea Equity Movers: NCsoft, OCI, Taihan Electric

Shares of the following companies had unusual (KOSPI) moves in South Korea trading. (KOSPI) Stock symbols are in parentheses and prices are as of the close in Seoul.

The Kospi Index fell 0.1 percent to 1,863.74, its second day of losses. The gauge dropped 0.5 percent yesterday.

NCsoft Corp. (036570) (036570 KS), a South Korean maker of online games, slipped 6 percent to 276,500 won, the lowest close since June 24. Nomura Holdings Inc. cut its share-price estimate to 380,000 won, citing in a report dated today “ significant” downward revisions to 2012 earnings forecasts.

OCI Co. (010060) (010060 KS), South Korea’s biggest maker of polysilicon, rallied 3.4 percent to 226,500 won, the highest level since Dec. 13. High-grade polysilicon, the main raw material for solar panels, rose 4.5 percent from a week ago to $30.50 a kilo, PV Insights said in a report on its website yesterday. Polysilicon prices are likely to halt declines after an industry restructuring, Park Ki Yong, analyst with Korea Investment & Securities, said by phone today.

Taihan Electric Wire Co. (001440) (001440 KS), a cable maker, slipped 6.8 percent to 3,010 won, its steepest drop since Dec. 19. The company is in talks with Hana Daetoo Securities Co. about a possible new share sale to help boost liquidity, according to a regulatory filing.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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