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Korea Hot Stocks - Pulmuone jumps after Nestle reports

Tue Mar 3, 2009 9:41pm EST

Stocks

   

SEOUL, March 4 (Reuters) - Stocks on the move on Wednesday include:

France  |  South Korea

As of 0220 GMT, the main KOSPI was up 0.93 percent at 1,035.23 points.

The index opened 0.65 percent lower at 1,018.90 points.

**PULMUONE HOLDINGS JUMPS ON REPORTED NESTLE INTEREST**

Shares in Pulmuone Holdings (017810.KS), a holding company for Pulmuone Group, a leading domestic maker of packaged foods and bottled water, jumped after local media reports on Tuesday that Switzerland-based food group Nestle (NESN.VX) may make equity investments in the holding firm.

Nestle's South Korea spokesperson declined to comment and Pulmuone officials could not be reached.

Shares in Pulmuone climbed 9.42 percent as of 0219 GMT.

(Reporting by Jungyoun Park; Additional reporting by Marie-France Han, Editing by Jonathan Hopfner)

France
South Korea


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