Bloomberg News

South Korean Equity Movers: Korea Gas, Korea Zinc, Poongsan

March 26, 2012

Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of 10:20 a.m. in Seoul.

The Kospi index advanced 0.8 percent to 2,036.13. The gauge has risen 12 percent in the first quarter, poised for the best three-month performance since 2009.

Metal producers: Korea Zinc Co. (010130) (010130 KS), which produces gold and silver, advanced 4.8 percent to 390,000 won. Poongsan Corp. (103140 KS) rose 3.1 percent to 30,100 won. Gold futures for April delivery rose 1.4 percent in New York yesterday, the biggest gain for a most-active contract since Feb. 21. Silver also advanced, while copper futures jumped the most in four weeks.

Korea Gas Corp. (036460) (036460 KS), the world’s largest buyer of liquefied natural gas, rallied 7.2 percent to 41,450 won, heading toward the steepest gain since July 2009. Its Italian partner, Eni SpA, said it made a gas discovery in Mozambique.

To contact the reporter on this story: Saeromi Shin in Seoul at

To contact the editor responsible for this story: Darren Boey at

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