S.Korea's Doosan sees worst session in 3-1/2 months on block trade

Doosan

28/05/2019 02:21

** Shares of Doosan Co Ltd  000150.KS  drop as much as 6.9%,
their lowest since April 1 
    ** Stock down after NH Investment & Securities sold shares
in the South Korean conglomerate in a block trade on Monday 
    ** The block involves 70 mln shares worth 65.1 bln won
($54.96 mln), representing a 7% discount 
    ** The current stock price reflects 7% discount rate from
the previous close of 100,000 won, says Lee Sang-hun, analyst,
Hi Investment & Securities 
    ** Stock marks biggest intraday pct fall since Feb 14
    ** The broader KOSPI market  .KS11  was trading up 0.01%, as
of 0102 GMT

    ($1 = 1,184.4100 won)

 ((Yuna.Park@thomsonreuters.com; +822 3704 5565; Reuters
Messaging: yuna.park.thomsonreuters.com@reuters.net))