Seoul shares may see modest gains

South Korea's stock market is likely to see modest gains next week, an analyst said on Friday. "The market is likely to rise slightly next week, led by technology shares, although the upward momentum will be weak," Tongyang Securities analyst Lee Jae-Man told AFP. The benchmark KOSPI closed the week at 1,647.04, down 9.86 points or 0.5 percent from the previous Friday.
"Market sentiment will remain positive until the end of this year, and institutional investors are expected to continue buying shares," Lee said.
HI Investment and Securities analyst Kim Seung-Han told Dow Jones Newswires that the KOSPI is expected to trade in a 1,620-1,720 band for the remainder of the year.