CJ Stock Climbs Most in Nine Weeks on Product Price Speculation
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CJ CheilJedang Corp. shares climbed the most in nine weeks, pacing gains among South Korean snackfood makers, as the company confirmed a report it may raise prices of some products.
CJ, South Korea’s biggest food processor, closed 3.4 percent higher, the steepest gain since Oct. 12, to 348,500 in Seoul. Lotte Confectionery Co. gained 4.3 percent, the most since Aug. 9, to 1,545,000 won. Orion Corp. rose 4.3 percent to 1,024,000 won. The benchmark Kospi index lost 0.6 percent.