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STOCKS - KOREAN SHARES END FIRMER - NOV 18, 2003.
(From Asia Pulse)
SEOUL, Nov 18 Asia Pulse - South Korean stocks settled higher Tuesday with the price index of the main bourse rising 0.82 per cent on strong program and retail buying.
The benchmark Korea Composite Stock Price Index closed up 6.50 points at 800.97, while the barometer of the tech-laced KOSDAQ rose 0.71 point, or 1.54 per cent, to 47.51.
Market watchers said the main board rose for the first time in three sessions on massive program and individual investor buying, despite terror threats by the al-Qaida network.
"Tuesday's rise can be seen as a technical rebound stemming from a short-term tumble in stock prices," said Oh Hyun-seok, an analyst at Samsung Securities Co. "However, investor confidence in an additional rise remains weak."
Trading on the Korea Stock Exchange was moderate at 630.65 million shares worth 2.37 trillion won. Losers led gainers 397 to 359.
Foreign investors turned net sellers of 124.4 billion won, while retail investors bought a net 91.9 billion won.
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