Foreigners, 'Lion' for 3 Consecutive Weeks... KOSDAQ Also Turns to Net Buying
[Asia Economy Reporter Song Hwajeong] Foreign investors have shown a 'buying' trend in the domestic stock market for three consecutive weeks. They also turned to net buying in the KOSDAQ market, which had been experiencing continuous selling pressure.
According to the Korea Exchange on the 2nd, foreign investors net purchased about 1.9973 trillion KRW in the domestic stock market during the week from the 27th to the 31st of last month. They bought 1.9449 trillion KRW in the KOSPI market and 52.7 billion KRW in the KOSDAQ market.
The stock most purchased by foreign investors last week was Samsung Electronics. Foreign investors net bought Samsung Electronics worth 1.6176 trillion KRW last week, marking the fourth consecutive week as the most purchased stock. Following that, they bought LG Chem for 164.5 billion KRW. Other net purchases included Samsung SDI (162.7 billion KRW), NAVER (123.2 billion KRW), LG Household & Health Care (86.6 billion KRW), Kakao (61.5 billion KRW), POSCO (53.7 billion KRW), LegoChem Biosciences (48.7 billion KRW), Samsung Electronics Preferred Shares (48.2 billion KRW), and Hana Financial Group (39.3 billion KRW).
The stock most sold by foreign investors last week was SK Hynix. Foreign investors net sold SK Hynix worth 56.7 billion KRW last week. They also sold Samsung Biologics for 55.3 billion KRW. Other top net sales included NCSoft (48.1 billion KRW), SK Telecom (47.8 billion KRW), Korea Electric Power Corporation (43.3 billion KRW), SK Chemicals (40.3 billion KRW), Celltrion (38.9 billion KRW), Korean Air (29.3 billion KRW), Hyundai Mobis (28.3 billion KRW), and Hyundai Motor Company (23.0 billion KRW).
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Labor Gil, a researcher at NH Investment & Securities, said, "The reason for the foreign buying trend can be attributed to expectations of expansion in the foundry market and the easing of passive fund outflows tracking emerging markets," adding, "Considering the scale of non-arbitrage program trading, the nature of foreign buying is not judged to be passive inflows. If passive funds flow in in the future, foreign investors' net buying of spot stocks could continue further."
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