Key Korean stock index up 1.59 pc to 964.26.
The Korea Composite Stock Price Index drifted into negative territory during the day but managed to turn upward in late trading to close at 964.24, up 15.1 points, 1.59%.
Trading was thin with 277 million shares changing hands with a value of 3.76 trillion won.
Declining issues outpaced rising stocks 557 to 284 while 48 issues finished the day unchanged.
Hyundai Engineering and Construction and Korea Tobacco and Ginseng closed at 45,850 won and 25,500 won, respectively, below their initial public offering prices of 52,000 and 28,000 won. Key blue chips generally rose, with SK Telecom gaining 99,000 won, Korea Telecom up 4,000 won, Samsung Electronics up 12,000 won and Pohang Iron and Steel rising 14,000 won.
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|Publication:||Asian Economic News|
|Date:||Dec 6, 1999|
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