Seoul stocks end higher on institutional buying
SEOUL, April 20 (Yonhap) -- South Korean stocks closed higher Thursday as institutions scooped up stocks on bargain hunting. The won rose against the dollar.
The benchmark Korea Composite Stock Price Index rose 10.75 points, or 0.50 percent, to close at 2,149.15. Trade volume was moderate at 262.01 million shares worth 4.91 trillion won (US$4.3 billion), with gainers outnumbering losers 445 to 329.
Institutional and foreign investors bought a combined 296 billion won worth of shares, offsetting 274.81 billion won in net sell-offs by individuals.
The index ended in positive territory after losing in the previous session, despite eased investor worries following the United States' decision not to designate South Korea a currency manipulator.
Auto, chip and steel stocks led market gains, with top carmaker Hyundai Motor jumping 3.28 percent to 141,500 won. No. 2 chipmaker SK hynix advanced 3.11 percent to 51,400 won and leading steelmaker POSCO was up 0.76 percent to 263,500 won.
Market bellwether Samsung Electronics fell 1.52 percent to 2,014,000 won. Refiner and defensive stocks also declined, with leading refiner SK Innovation declining 1.22 percent to 161,500 won. But No. 1 cosmetics company AmorePacific rose 3.55 percent to 306,500 won.
The local currency closed at 1,139.80 won against the U.S. dollar, up 0.40 won from the previous session's close.
kyongae.choi@yna.co.kr
(END)
-
(URGENT) S. Korea's science minister confirms space rocket Nuri's launch success
-
Three indicted in massive stock manipulation case
-
(3rd LD) Passenger opens door of Asiana Airlines plane before landing at Daegu airport
-
BTS' J-Hope completes basic training for military service
-
(6th LD) S. Korea successfully launches space rocket Nuri in major milestone for space program
-
N. Korea's aircraft maintenance activity at 'unusual' level: 38 North
-
(LEAD) Asiana Airlines plane's door opens right before landing at Daegu Airport
-
S. Korea to send delegation to Europe for talks on stronger economic, biz ties
-
(2nd LD) S. Korean experts to inspect radioactive water storage tanks, purification system at Fukushima plant
-
(2nd LD) S. Korean experts begin on-site inspection of Fukushima nuclear plant
-
(LEAD) Asiana Airlines plane's door opens right before landing at Daegu Airport
-
Man who opened plane door says he wanted to get off quickly: police
-
(3rd LD) Passenger opens door of Asiana Airlines plane before landing at Daegu airport
-
Tokyo court rejects families' request for removal of Koreans' names listed in Yasukuni Shrine
-
Asiana Airlines plane's door opens right before landing at Daegu Airport