Foreigners Switch to 'Saja' in 3 Weeks... Buying KOSPI and Selling KOSDAQ

[Asia Economy Reporter Song Hwajeong] Foreign investors have returned to net buying in the domestic stock market after three weeks. While they switched to a 'buy' stance in the KOSPI market, they continued a 'sell' trend in the KOSDAQ market.

According to the Korea Exchange on the 11th, foreign investors net purchased about 992.4 billion KRW in the domestic stock market during the week from the 5th to the 8th. They bought 1.0079 trillion KRW in the KOSPI but sold 15 billion KRW in the KOSDAQ.

The stock most purchased by foreign investors last week was Samsung Electronics. Foreign investors net bought Samsung Electronics for 337.8 billion KRW last week. This was followed by LG Chem with 290 billion KRW. Other net purchases included Kakao (161.5 billion KRW), NAVER (118.9 billion KRW), Seegene (110 billion KRW), LG Electronics (72.1 billion KRW), Samsung SDI (58.2 billion KRW), POSCO (38.2 billion KRW), Amorepacific (33.8 billion KRW), and KB Financial Group (31.8 billion KRW).

The stock most sold by foreign investors last week was NCSoft. Foreign investors net sold NCSoft for 92.7 billion KRW last week. This was followed by Hyundai Motor with 86.9 billion KRW sold. Other top net sales included Celltrion (70.7 billion KRW), Shinhan Financial Group (66.9 billion KRW), Macquarie Infrastructure (37.8 billion KRW), Lotte Chemical (31.6 billion KRW), Shinpung Pharmaceutical (21.5 billion KRW), Samsung C&T (18.3 billion KRW), Access Bio (15.5 billion KRW), and DB HiTek (12.2 billion KRW).

There is an opinion that a conservative approach is necessary for the stock market for the time being. Kim Seonggeun, a researcher at Korea Investment & Securities, said, "The KOSPI, which showed strong upward momentum after the holiday, is expected to show a sluggish trend in the 2340?2420 range this week," adding, "This is because the expectations for the US supplementary budget bill are likely to decline."

This content was produced with the assistance of AI translation services.