Market closes slightly lower on mixed day

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Market closes slightly lower on mixed day

Korea’s benchmark Kospi index inched down 0.72 point, or 0.04 percent, closing at 1,852.73 points yesterday.
Samsung Electronics, the nation’s No. 1 blue chip by market value, gained 0.4 percent to 546,000 won ($584). But Posco, Hyundai Heavy Industries and Korea Electric Power Corporation shed 1.1 percent, 2 percent and 0.8 percent, respectively. SK Energy lost 5.8 percent, while Hyundai Motor rose 3.7 percent.
Telecoms were also split. Top mobile carrier SK Telecom gained 0.2 percent, but the No. 2 mobile service provider, KTF, slid 2.9 percent. Fixed-line Internet and telephone operator KT went down 1.6 percent.
Construction companies, enjoying increased demand for buildings in the oil-rich Middle East, advanced. Doosan Heavy Industries and Construction rose 4.6 percent, and GS Engineering and Construction added 2.2 percent. Hyundai Engineering and Construction rose 1.6 percent, and Daewoo Engineering and Construction went up 0.6 percent.
Lenders slid. Top lender Kookmin Bank fell 1 percent, while Shinhan Financial Group declined 4.4 percent. Woori Financial Group and Hana Financial Group shed 0.5 percent and 1.4 percent, respectively.
Brokerages were strong. Mirae Asset added 2.8 percent, while Daewoo Securities and Samsung Securities gained 5.7 percent and 0.1 percent, respectively. Hyundai Securities rose 3 percent and Woori Investment and Securities advanced 0.8 percent.
Trade volume was 249.5 million shares, valued at 4.4 trillion won. Losing shares outnumbered winners, 451 to 345.
The secondary Kosdaq inched up 6.88 points, or 1 percent, to close at 714.00 points. NHN, the Kosdaq leader in terms of market cap, rose 4.4 percent. Trade volume was 465.2 million shares, valued at 1.7 trillion won. Losers led winners, 547 to 416.


By Moon Gwang-lip Staff Reporter [joe@joongang.co.kr]
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