South Korean shares flat on Wednesday

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Source: Dukascopy Bank SA
South Korean equities stayed flat on Wednesday, while data indicated the nation's consumer confidence failed to improve in South Korean equities stayed flat on Wednesday, while data indicated the nation's consumer confidence failed to improve in December. The KOSPI index increased 0.02%, or 0.43 points, to 1,982.25, advancing from its previous close at 1,981.82. The KOSPI's turnover was at 3.5 trillion Korean won that was only 80% of its 30-session daily weighted average. Five out of nine sectors shrank with Telecommunications declining the most by 0.91%, driven by South Korean regulator's decision to ban the carriers from appealing new subscribers for combined 66 days. Furthermore, the Technology and Industrials shares fell 0.15% and 0.14%. Meanwhile, Utilities were up 1.45%, as investors hoped for an increase in electricity prices and Health Care sector surged 0.95%. Among best performers were WooSung Feed Co, Jooyontech Co and Wooridul Life Sciences by adding 15%, 14.99% and 14.98%, respectively. Meanwhile,Taihan Electric Wire, Yuyu Pharma and Kumho Industrial' shares lost 6.87%, 6.49% and 5.81%, respectively.

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