Ssangyong Motor

Seoul's main stock market gained yesterday, with the Korea Composite Stock Price Index closing at 846.01, up 10.92 points, or 1.3 percent.

Although foreign investors were net sellers for the fifth consecutive session in the main market, they bought heavily in the futures market, while the favorable performance of other Asian markets also helped lift the index, analysts said.
Large cap issues were strong, except for Korea Electric Power Corp., which slid 0.9 percent, and LG Electronics, which lost 0.5 percent.

Samsung Electronics was up 0.7 percent to 461,000 won ($402), and SK Telecom gained 1.7 percent to 178,500 won. Posco, which announced plans to build a steel mill overseas, rose 2.0 percent to 175,000 won.
STX Shipbuilding Co. soared the daily 15 percent trading limit to 13,100 won after news that it received a ship order from Russia's OAO Sovcomflot. Hynix Semiconductor jumped 5.7 percent to 11,100 won amid its plan to sell its non-semiconductor business by Tuesday.

Automobile companies were strong as their sales increased last month. Hyundai Motor climbed 5.3 percent,SsangYong Motorgained 3.9 percent and Kia Motors rose 2.8 percent. Volume was 296.5 million shares worth 1.9 trillion won. The secondary Kosdaq market rose 3.57 points, or 1.0 percent, to 365.65. Hanaro Telecom rose 1.9 percent to 3,260 won.

- Source from JooAng Daily (Oct 01, 2004) -