Foreigners, 6 Consecutive Weeks of 'Palja'... Selling KOSPI and Buying KOSDAQ
[Asia Economy Reporter Song Hwajeong] Foreign investors continued their selling spree last week, maintaining a six-week streak of net selling in the domestic stock market.
According to the Korea Exchange on the 22nd, foreign investors net sold approximately 3.032 trillion KRW in the domestic stock market during the week from the 16th to the 20th. They sold 3.3973 trillion KRW in the KOSPI market while purchasing 365.2 billion KRW in the KOSDAQ market.
The stock most purchased by foreign investors last week was Celltrion Healthcare. Foreign investors net bought 65.8 billion KRW worth of Celltrion Healthcare. This was followed by Samsung Biologics with 53.3 billion KRW in net purchases. Other net purchases included Netmarble (50.3 billion KRW), LG Display (30.0 billion KRW), Celltrion (28.9 billion KRW), Pearl Abyss (25.0 billion KRW), HL Biopharma (21.1 billion KRW), KMH (20.7 billion KRW), GemVax (18.9 billion KRW), and Helixmith (12.1 billion KRW).
The stock most sold by foreign investors last week was Samsung Electronics. Foreign investors net sold 1.3104 trillion KRW worth of Samsung Electronics. This was followed by SK Hynix with 292.2 billion KRW in sales. Other top net sales included Hyundai Motor (230.6 billion KRW), Samsung Electronics Preferred Shares (172.4 billion KRW), LG Chem (155.7 billion KRW), NCSoft (136.9 billion KRW), SK Innovation (121.2 billion KRW), Samsung SDI (116.4 billion KRW), LG Household & Health Care (114.8 billion KRW), and NAVER (102.1 billion KRW).
Hot Picks Today
Taking Annual Leave and Adding "Strike" to Profiles, "It Feels Like Samsung Has Collapsed"... Unsettled Internal Atmosphere
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "One Comment Could Lead to a Report": 86% of Elementary Teachers Feel Anxious; Half Consider Resignation or Career Change
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
Analysis suggests that foreign investors still have additional selling capacity. Roh Nokgil, a researcher at NH Investment & Securities, stated, "Despite the decline in the KRW-USD exchange rate and the stock market rebound, foreign investors continued to sell KOSPI stocks for 12 consecutive trading days until the 20th. Concerns about liquidity tightening inherent in the financial market remain ongoing, and compared to the financial crisis, the current net buying trend of foreign investors in the domestic stock and bond markets indicates they still have additional selling capacity."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
