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April 22, 2019

Seoul shares close slightly higher on tech, carmakers

PUBLISHED : January 29, 2019 - 16:10

UPDATED : January 29, 2019 - 16:10

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[THE INVESTOR] Korea’s main bourse ended slightly higher on Jan. 29 on the back of gains by technology firms and carmakers, analysts said. The local currency strengthened against the greenback.

The benchmark KOSPI gained 6.06 points, or 0.28 percent, to finish at 2,183.36. Trading volume was high at 539 million shares worth 6.27 trillion won (US$5.61 billion), with losers outpacing gainers 525 to 292.

Foreigners bought more shares than they sold at 139 billion won, becoming net buyers for the fourth consecutive session. Individuals bought a net 22 billion won, while institutions offloaded a net 164 billion won. 

The local currency closed at 1,116.50 won against the US dollar, up 1.20 won from the previous session’s close.

By Ram Garikipati and newswires (ram@heraldcorp.com)

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