Foreigners Switch 'Palja' in Just 4 Weeks... Samsung Electronics Net Sell of 738.5 Billion Won

[Asia Economy Reporter Song Hwajeong] Foreign investors have turned to a selling trend in the domestic stock market after four weeks.

According to the Korea Exchange on the 25th, foreign investors net sold about 1.6249 trillion KRW in the domestic stock market during the week from the 19th to the 23rd. They sold 1.6087 trillion KRW in the KOSPI market and 16.2 billion KRW in the KOSDAQ market, respectively.

The stock most purchased by foreign investors last week was LG Display. Foreign investors net bought LG Display by 97.8 billion KRW last week. Next, they bought SK Telecom by 91.9 billion KRW. In addition, they net purchased POSCO (793 billion KRW), GS Construction (562 billion KRW), OCI (529 billion KRW), HYBE (511 billion KRW), KB Financial Group (499 billion KRW), LG Household & Health Care (478 billion KRW), Hana Financial Group (327 billion KRW), and Green Cross (326 billion KRW).

The stock most sold by foreign investors last week was Samsung Electronics. Foreign investors net sold Samsung Electronics by 738.5 billion KRW last week. Next, they sold Kia by 305.7 billion KRW. Other top foreign net sales included Kakao (305.6 billion KRW), SK Hynix (300.1 billion KRW), Hyundai Motor (121.6 billion KRW), Hyundai Mobis (111.4 billion KRW), NAVER (99.1 billion KRW), LG Chem (78.4 billion KRW), Celltrion (59.9 billion KRW), and Samsung C&T (53.8 billion KRW).

This week, the domestic stock market is expected to attempt a breakout above the upper bound of the trading range. Kim Younghwan, a researcher at NH Investment & Securities, said, "Strong Korean exports, upward revisions of first-quarter corporate earnings forecasts, and green policy momentum from major global countries are positive factors for the stock market, and an upward trend centered on export and growth stocks is expected." He added, "In the short term, the index is facing resistance near the previous high, delaying active inflows of individual funds, but if the trading range is broken upward, individual funds will flow in, potentially elevating the index to the next level."