South Korean Equity Movers: Dong-A, LG, Samsung, SK Innovation
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 (KOSPI) dropped 0.1 percent to 1,851.65.
Refiners: SK Innovation Co. (096770) (096770 KS) added 2.5 percent to 141,500 won. GS Holdings (078930) Corp. (078930 KS) rose 1.2 percent to 52,600 won. S-Oil Corp. (010950) (010950 KS) climbed 2.5 percent to 93,100 won. Gasoline futures jumped 4.3 percent to $2.7272 a gallon on the New York Mercantile Exchange on June 29.
Dong-A Pharmaceutical Co. (000640) (000640 KS), a South Korean maker of pharmaceutical products, added 1.8 percent to 85,500 won. The company plans to buy back 250,000 shares, according to a regulatory filing.
LG International Corp. (001120) (001120 KS) advanced 6.8 percent to 37,700 won, its steepest gain since April 30. The company will buy a 60 percent stake in PT. Ganda Alam Makmur for 242.8 billion won ($212 million), according to a regulatory filing.
Samsung Electronics Co. (005930) (005930 KS), the world’s top handset maker, dropped 2.3 percent to 1.174 million won. The stock retreated after Apple Inc. won a court ruling blocking sales of the Galaxy Nexus smartphone in the U.S.
To contact the reporter on this story: Saeromi Shin in Seoul at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org