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South Korean Equity Movers: LG Chem, LG Innotek, Samsung Electro

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April 6 (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 rose less than 0.1 percent to 2,029.03. The gauge added 0.7 percent this week.

LG Chem Ltd. (051910 KS), the biggest South Korean chemicals maker, added 2.6 percent to 359,500 won, the most since March 27. The company’s earnings recovery will pick up pace in the second quarter, Tong Yang Securities said in a report today.

LG Innotek Co. (011070 KS) lost 2.7 percent to 90,500 won, the lowest close since Feb. 28. The company’s light-emitting diode business is unlikely to swing to profit this year, Dongbu Securities Co. said in report today.

Samsung Electro-Mechanics Co. (009150 KS), an electronic components maker, rallied 3.1 percent to 103,000 won, the highest close since May 2011. The stock was rated new buy at Shinhan Investment Corp., which cited a stronger earnings outlook and the company’s potential to be a global electronic parts maker.

Its client Samsung Electronics Co. (005930 KS) posted first-quarter profit that beat analyst estimates. Samsung Electronics shares rose 0.2 percent to 1.33 million won.

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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