Ssangyong Motor

Seoul's main stock market continued to inch toward the 1,300 mark yesterday, as the Kospi edged up 0.52 points
to close at 1,293.74.
"Auto and shipbuilding shares' gains helped the market," said Kim Jung-hyun, an analyst at Goodmorning Shinhan
Securities. "They got a lift from expectations of better earnings next year."

Hyundai Motor picked up 0.8 percent on the strength of the release of the latest model of its Grandeur sedan,
the Azera, in the United States. Ssangyong Motor gained 0.4 percent on expectations for better domestic sales.
 
Among shipbuilders, Samsung Heavy Industries jumped 6.3 percent and Hyundai Heavy Industries gained 4.4 percent
on optimistic forecasts for next year.
As for other blue chip shares, Samsung Electronics went up 0.2 percent to 601,000 won ($580). LG Philips LCD
led the way for tech shares, rising 4.8 percent on reports of surging global demand for LCD panels.

Total traded volume was 461.9 million shares valued at 4.1 trillion won. Decliners edged advancers 383 to 366.

The Kosdaq remained strong for the 21st consecutive trading session, rising 4.25 points, or 0.6 percent, to close
at 704.47. LG Telecom climbed 3.7 percent and Dongsuh gained 1.9 percent. Trade volume was 747.1 million share
worth 2.9 trillion won.
 
- Source from JoongAng Daily (Nov 29, 2005) -