Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the close in Seoul.
The Kospi index advanced 1 percent to 2,039.76. The gauge has risen 12 percent in the first quarter, poised for the best three-month performance since 2009.
Metal producers: Korea Zinc Co. (010130 KS), which produces gold and silver, advanced 5.5 percent to 392,500 won, the most since Jan. 3. Poongsan Corp. (103140 KS) rose 5.8 percent to 30,900 won. Gold futures for April delivery rose 1.4 percent in New York yesterday, the biggest gain for a most-active contract since Feb. 21. Silver also advanced, while copper futures jumped the most in four weeks.
Amorepacific Corp. (090430 KS), South Korea’s biggest cosmetics maker, dropped 2 percent to 1.16 million won. Credit Suisse Group AG cut its stock rating to neutral from outperform, citing “soft” earnings growth.
Korea Gas Corp. (036460 KS), the world’s largest buyer of liquefied natural gas, rallied 11 percent to 42,950 won, the steepest gain since January 2003. Its Italian partner, Eni SpA, said it made a gas discovery in Mozambique.