Foreigners, 'Palja' for 3 Consecutive Weeks... Selling KOSPI and Buying KOSDAQ

[Asia Economy Reporter Song Hwajeong] Foreign investors continued their selling trend in the domestic stock market for the third consecutive week. However, the scale of selling significantly decreased.

According to the Korea Exchange on the 29th, foreign investors net sold approximately 335.6 billion KRW in the domestic stock market during the week from the 23rd to the 27th. This is a decrease compared to the over 1 trillion KRW sold last week. Foreign investors sold 447.3 billion KRW in the KOSPI market, while they net bought 111.7 billion KRW in the KOSDAQ market.

The stock most purchased by foreign investors last week was Kakao. Foreign investors net bought 184.9 billion KRW worth of Kakao last week. This was followed by Celltrion with a net purchase of 130.8 billion KRW. Other stocks net bought include Samsung SDI (128.5 billion KRW), HMM (96.8 billion KRW), SK Hynix (86.0 billion KRW), SK Bioscience (82.6 billion KRW), SK IE Technology (70.0 billion KRW), KB Financial Group (69.7 billion KRW), EcoPro BM (58.3 billion KRW), and Doosan Fuel Cell (49.9 billion KRW).

The stock most sold by foreign investors last week was Samsung Electronics. Foreign investors net sold 560.5 billion KRW worth of Samsung Electronics last week. This was followed by LG Chem with sales of 494.8 billion KRW. Other stocks in the top net sales by foreign investors include NCSoft (401.2 billion KRW), LG Electronics (109.4 billion KRW), Naver (NAVER, 81.0 billion KRW), Pearl Abyss (80.2 billion KRW), Samsung Biologics (72.4 billion KRW), Samsung Electronics Preferred Shares (48.7 billion KRW), Samsung Electro-Mechanics (46.2 billion KRW), and POSCO (POSCO, 43.0 billion KRW).

The stock market is expected to fluctuate within a range for the time being. Lee Kyungmin, a researcher at Daishin Securities, said, "The KOSPI is expected to fluctuate within the 3000 to 3300 range for the time being," adding, "Whether the KOSPI surpasses and stabilizes above 3200 in September could narrow the short-term box range of the KOSPI."

Kim Younghwan, a researcher at NH Investment & Securities, analyzed, "After experiencing a 7.4% correction from the 7th of last month to the 20th of this month, the KOSPI is undergoing a technical rebound. Typically, a technical rebound retraces about 60% of the decline, but currently, the KOSPI lacks strong momentum to exceed the short-term technical rebound target. After a short-term rebound in heavily declined stocks, it is highly likely that an individual stock market will unfold within a box range."

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