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KOSPI Gains, Samsung Shares Reach New High

Written: 2016-08-19 16:03:57Updated: 2016-08-19 18:35:00

KOSPI Gains, Samsung Shares Reach New High

The benchmark Korea Composite Stock Price Index(KOSPI) closed the week higher, setting another high for the year.

The main index on Friday edged up zero-point-77 points, or zero-point-04 percent, higher to two-thousand-56-point-24. 

Shares of Samsung Electronics also set a fresh new high closing Friday at one-point-675 million won, higher than Thursday's all-time high of one-point-64 million won.

Thanks to the favorable corporate earnings, the Friday closing price exceeded the one-point-64 million won Samsung shares posted during Thursday's trading.

The secondary tech-heavy KOSDAQ, meanwhile, shed zero-point-73 points, or zero-point-10 percent, to close at 696-point-20.

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