Share price returns to 730 level

The announcement of Hyundai`s rehabilitation plan, the rise in the NYSE, and raised expectations for inter-Korean economic cooperation boosted the local bourse early on but program selling dampened the market in the end. As the market opened, the KOSPI easily broke through the 20-day average line at the 730 level and during the day, it reached the 745 level. Although share prices were pushed down in the end, the bourse still managed to relinquish the 730 line. Trading volume also recovered, with 321.9 million shares changing hands.

Almost all sectors saw a rise in share prices, with the exception of insurance firms. In particular, the wood, construction and securities sectors were strong during the day. Small and medium cap chips also experienced substantial surges in share prices. Sepoong, Chunkwang Industries, Saehan Media, Daeyoung Packaging, Lady and Kumyang, which has reached the daily limit high for 7 consecutive days due to M&A expectations, all rose to the daily limit high. Among the blue chips, Samsung Electronics, KEPCO and Hyundai Electronics traded strong, pushing up the KOSPI while POSCO and SK Telecom share prices fell marginally.