Seoul shares stage rebound; KEB, brokerages rally

Wed Nov 4, 2009 6:08am GMT
 
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SEOUL, Nov 4 (Reuters) - Seoul shares bounced back on Wednesday, reversing a six-day losing run, with Korea Exchange Bank (KEB) soaring on strong quarterly results and brokerage firms rallying on hopes markets might be bottoming out.

The Korea Composite Stock Price Index rose 1.94 percent to 1,579.93 points.

Korea Exchange Bank (KEB) (004940.KS) leapt 7.8 percent to 13,800 won, posting its biggest daily percentage gain since late May.

(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)

 

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