Foreigners, 'Lion' for 2 Consecutive Weeks... Samsung Electronics Net Bought Over 1 Trillion Won

[Asia Economy Reporter Song Hwajeong] Foreign investors continued their buying spree in the domestic stock market for two consecutive weeks. They purchased semiconductors such as Samsung Electronics and SK Hynix the most.

According to the Korea Exchange on the 15th, foreign investors net bought about 2.2612 trillion KRW in the domestic stock market during the week from the 9th to the 13th. They bought 2.3476 trillion KRW in the KOSPI market but sold 86.5 billion KRW in the KOSDAQ market.

The stock most purchased by foreign investors last week was Samsung Electronics. Foreign investors net bought 1.48 trillion KRW worth of Samsung Electronics last week. Next, they purchased SK Hynix worth 337.6 billion KRW. In addition, they net bought Kia Motors (86.3 billion KRW), Hyundai Mobis (70.4 billion KRW), Samsung Electro-Mechanics (67 billion KRW), Samsung SDI (62.8 billion KRW), LG Household & Health Care (60.9 billion KRW), LG Chem (52.7 billion KRW), Hana Financial Group (44.9 billion KRW), and S-Oil (43.6 billion KRW).

The stock most sold by foreign investors last week was Naver (NAVER). Foreign investors net sold 199.4 billion KRW worth of Naver last week. Next, they sold NCSoft worth 91.7 billion KRW. Other stocks with high foreign net selling included Kumho Petrochemical (78.3 billion KRW), Seegene (70.2 billion KRW), HMM (65.4 billion KRW), Lotte Chemical (31.1 billion KRW), Genexine (26.3 billion KRW), SK Telecom (25.2 billion KRW), Orion (21.2 billion KRW), and NHN Korea Cyber Payment (19.1 billion KRW).

Shin Seungjin, a researcher at Samsung Securities, said, "Foreign investors, who had not responded to the strong performance of our companies and the appreciation of the Korean won, are now belatedly joining the buying as the KOSPI rises to around the 2,500 level." He analyzed, "The current foreign inflow is showing a differentiated pattern centered on KOSPI large-cap stocks with improving earnings, and the recent strong performance of KOSPI large-cap stocks and relative weakness of KOSDAQ and small- and mid-cap stocks are the results of this supply and demand." He added, "Recently, foreign investors have been focusing their purchases on top market cap IT, automobile, and secondary battery stocks," and "It is effective to respond centered on representative stocks of industries such as Samsung Electronics, Hyundai Motor, and LG Chem, where profit growth can begin in the economic recovery phase."