Foreigners, 'Lion' for 3 Consecutive Weeks... Buy Samsung Electronics, Sell SK Hynix

[Asia Economy Reporter Song Hwajeong] Foreign investors have shown a 'buying' trend in the domestic stock market for three consecutive weeks. They bought the most Samsung Electronics shares while selling the most SK Hynix shares.

According to the Korea Exchange on the 25th, foreign investors net purchased about 91 billion KRW in the domestic stock market during the week from the 19th to the 23rd. Foreign investors, who showed a slight net buying advantage of 200 million KRW the previous week, increased their buying scale last week. They bought 21.7 billion KRW in the KOSPI market and 69.4 billion KRW in the KOSDAQ market, respectively.

The stock most purchased by foreign investors last week was Samsung Electronics. Foreign investors net bought 234.3 billion KRW worth of Samsung Electronics shares last week. Next, they purchased 163.6 billion KRW of LG Chem. Other net purchases included Doosan Fuel Cell (60.1 billion KRW), Hyundai Glovis (45.0 billion KRW), Samsung SDI (44.9 billion KRW), Genexine (39.7 billion KRW), Hugel (35.3 billion KRW), Celltrion (30.2 billion KRW), SK Biopharm (29.1 billion KRW), and Naver (NAVER·28.0 billion KRW).

The stock most sold by foreign investors last week was SK Hynix. Foreign investors net sold 153.4 billion KRW worth of SK Hynix shares last week. They also sold 83.5 billion KRW of Hyundai Mobis. Other top net sales included Samsung Biologics (75.0 billion KRW), Kakao (70.2 billion KRW), Samsung Electronics Preferred Shares (68.8 billion KRW), Hyundai Motor (51.0 billion KRW), POSCO (POSCO·45.8 billion KRW), Kumho Petrochemical (39.8 billion KRW), Kia Motors (35.3 billion KRW), and Korea Electric Power Corporation (29.9 billion KRW).

The index is expected to show limited fluctuations within a box range. Kim Younghwan, a researcher at NH Investment & Securities, said, "The index is likely to repeat limited fluctuations within a box range as the negative impact of the resurgence of COVID-19 in the US and Europe and the expectation that the US presidential election will conclude favorably for the stock market are conflicting," adding, "It is necessary to focus on differentiation among stocks rather than the direction of the index."