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Seoul stocks end higher on institutional buying

All News 15:45 December 13, 2017

SEOUL, Dec. 13 (Yonhap) -- South Korean stocks ended higher Wednesday as institutions continue to buy local stocks. The Korean won rose against the dollar.

The benchmark Korea Composite Stock Price Index added 19.55 points, or 0.79 percent, to close at 2,480.55. Trade volume was moderate at 251.10 million shares worth 5.028 trillion won (US$4.6 billion).

Institutional investors bought 698.73 billion won worth of stocks, offsetting a combined net selling of 720 billion won by foreigners and individuals.

Large-cap stocks mostly advanced across the board.

Top carmaker Hyundai Motor Co. rose 1 percent to 151,500 won, leading steelmaker POSCO climbed 0.75 percent to 334,500 and No. 1 refiner SK Innovation Co. was up 3.55 percent to 204,000 won.

But market bellwether Samsung Electronics Co. fell 1.50 percent to 2,566,000 won, and No. 2 chipmaker SK hynix Inc. declined 1.29 percent to 76,800 won.

The local currency closed at 1,090.70 won against the U.S. dollar, up 1.70 won from the previous session's close.


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