Foreigners Maintain 'Palja' for 3 Consecutive Weeks... Significant Decrease in Selling Volume
[Asia Economy Reporter Song Hwajeong] Foreign investors continued their selling streak in the domestic stock market for three consecutive weeks, but the scale of sales significantly decreased.
According to the Korea Exchange on the 24th, foreign investors net sold approximately 68.6 billion KRW in the domestic stock market during the week from the 18th to the 22nd. This is a sharp decline compared to the 2.0632 trillion KRW sold last week. They sold 38.1 billion KRW in the KOSPI market and 30.4 billion KRW in the KOSDAQ market, respectively.
The stock most purchased by foreign investors last week was SK Hynix. Foreign investors net bought SK Hynix worth 93.6 billion KRW last week. Following that, they purchased LG Chem for 83.7 billion KRW. Other net purchases included Samsung Electronics (76.2 billion KRW), Samsung Electronics Preferred (66.5 billion KRW), NCSoft (60.2 billion KRW), Celltrion (51.0 billion KRW), Samyang Foods (41.1 billion KRW), Celltrion Pharm (23.0 billion KRW), Samsung SDI (22.4 billion KRW), and EcoPro BM (19.6 billion KRW).
The stock most sold by foreign investors last week was Shinhan Financial Group. Foreign investors net sold Shinhan Financial Group for 68.3 billion KRW last week. SK was sold for 66.8 billion KRW. Other top net sales by foreign investors included Medytox (37.0 billion KRW), KB Financial Group (34.4 billion KRW), Korea Electric Power Corporation (29.7 billion KRW), NAVER (28.9 billion KRW), LG Uplus (28.0 billion KRW), KT (25.3 billion KRW), POSCO (24.5 billion KRW), and KT&G (22.9 billion KRW).
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The stock market is expected to continue showing relative strength in small and mid-cap stocks. Laborngil, a researcher at NH Investment & Securities, said, "Despite the resumption of economic activities, concerns that external economic improvements may be slow are relatively slowing the rebound speed of large-cap stocks, which are mainly export-oriented." He added, "Concerns over emerging market currency volatility due to US-China tensions may also weaken the rise speed of large-cap stocks sensitive to foreign investor supply and demand, and the favorable environment for small and mid-cap stocks is expected to continue for the time being."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
