South Korea Stocks: Choong Ang, Hynix, KP Chemical, Woongjin
South Korea’s Kospi index rose 9.09, or 0.5 percent, to 1,904.63 at the close in Seoul, ending the month 1.2 percent higher. It’s the stock gauge’s third straight monthly advance.
The following were among the most-active stocks in South Korean markets.
Choong Ang Vaccine Laboratory (072020 KS), a South Korean maker of cattle vaccines, gained 4.9 percent to 16,200 won, after rising as much as 12 percent earlier. South Korea raised its alert on foot-and-mouth disease to yellow, the second-lowest level, after it confirmed an outbreak at two pig farms in the nation’s Gyeongsang province, the agriculture ministry said in a statement.
Hynix Semiconductor Inc. (000660 KS), the world’s second- largest computer-memory chipmaker, fell 5.2 percent to 23,500 won, the most since Aug. 31. KTB Securities Co. cut its share- price estimate to 23,000 won, saying the company will probably post operating losses through the end of next year’s third quarter.
KP Chemical Corp. (064420 KS), a South Korean petrochemical manufacturer, climbed 7.6 percent to 17,050 won, the most since Oct. 20. Hana Daetoo Securities Co. said the company’s fourth- quarter operating profit may more than double from three months earlier to 52.8 billion won. Honam Petrochemical Corp. (011170 KS), the biggest shareholder of KP Chemical, added 3.2 percent to 243,500 won.
Woongjin Chemical Co. (008000 KS), a South Korean synthetic fibers maker, lost 3.5 percent to 1,225 won. The company will suspend a plan to enter the carbon fiber market, according to a filing.
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