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SEOUL SHARES LIKELY TO REMAIN POSITIVE ON EASED EARNINGS WOES.
SEOUL, April 3 Asia Pulse - South Korea's shares are expected to either move in a tight range or go upward this week, as investor concerns over corporate first-quarter earnings have eased, analysts said Saturday.
"Most investor worries over first quarter earnings have already been digested by the stock market," said Ahn Jeong-jin, an analyst at Woori Investment & Securities.
"The overall market situation is improving and the main index is starting to form a strong base point at the 1,300-point level."
The country's main stock index KOSPI rose for a seventh consecutive session Friday to close at 1,359.60, up 2.9 percent from a week earlier on futures-related program buying.
Investors snapped up a total of 1 trillion won (US$1 billion) through program buying, which occurred for a sixth day as of Friday. Institutions bought a total of 775.5 billion won for the week, while foreigners snapped up 230.5 billion won.
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Source: HighBeam Research, SEOUL SHARES LIKELY TO REMAIN POSITIVE ON EASED EARNINGS WOES.