Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

South Korean Equity Movers: Amorepacific, Korea Zinc, Korea Gas

March 27 (Bloomberg) -- 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.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.