S. Korea Stocks: Capro, Honam Petrochem, Korea Zinc, S-Oil
South Korea’s Kospi index rose 24.69, or 1.3 percent, to 1,929.32 at the close in Seoul, the most since Nov. 18.
The following were among the most-active stocks in South Korean markets.
Fertilizer makers: Namhae Chemical Corp. (025860 KS) jumped 5.5 percent to 19,100 won. Capro Corp. (006380 KS) added 6.4 percent to 19,000 won. The companies rose after Woori Investment & Securities Co. said global fertilizer prices should remain “strong.”
China will impose a 35 percent temporary tax and a 75 percent special tax on exports of some fertilizer products from today until the end of December, the Ministry of Finance said in a statement posted on its website.
Honam Petrochemical Corp. (011170 KS), South Korea’s second-largest maker of ethylene, climbed 6 percent to 258,000 won. HMC Investment Securities Co. said the company’s net income will top 1 trillion won in 2011.
Korea Zinc Co. (010130 KS), which produces gold and silver, gained 4.7 percent to 291,500 won. The company won a $429.9 million order to deliver silver to Sumitomo Corp., according to a filing.
S-Oil Corp. (010950 KS), South Korea’s third-biggest oil refiner, jumped 8 percent to 86,600 won. HMC Investment Securities Co. said the company may swing to an operating profit in the fourth quarter on an increase in exports and margins.
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