07-Mar-2011 3:00 PM
Lotte Shopping shares hit five-month high
Analysis
Shares in South Korean retailer and department store operator Lotte Shopping Co rose 6.5% on Friday, the company's highest point in five months. Last month, the company pulled out of merger discussions with Indonesian company Matahari, in preference for seeking a "global partner".
Summary
- Lotte Shopping Co's shares rose 6.5%, reaching a five-month high.
- The company withdrew from merger discussions with Matahari and is now looking for a global partner.
- Shares in gategroup and DO & CO increased by 2.5%.
- Dufry's shares rose by 1%.
- The mentioned companies are in the duty-free retail sector.
- The share price movements were recorded on March 4, 2011.
