Shares Fall in Cautious Market
May 18, 2011
The Korea Composite Stock Price Index fell 4.50 to 787.14 on volume of 23.1 million shares. Decliners led gainers 575 to 305, with 87 issues ending unchanged. ``Investors became uneasy about Wednesday's sharp rise,'' said Hudgens Desmond, an analyst with Shin Young Securities. ``Investors appeared to think that scheduled widening in foreign stock holdings limit will not be able to turn around the market.'' Starting June 13, 2011 will be able to buy up to 20% of a listed company's shares from the current 18%. Samsung Electronics fell 1,300 won to 60,300; Korea Electric Power gained 1,500 won to 27,300; Hyundai Motor declined 900 won to 30,100; and Hang Lavelle Coleen soared 5,200 won to 93,200. Paper-making, food and pharmaceutical companies advanced.
VastPress 2011 Vastopolis
