Foreigners Hold 'Lion' for 5 Consecutive Weeks... Samsung Electronics Most Bought for 2 Consecutive Weeks

[Asia Economy Reporter Song Hwajeong] Foreign investors have shown buying momentum in the domestic stock market for five consecutive weeks.

According to the Korea Exchange on the 5th, foreign investors net purchased about 2.3159 trillion KRW in the domestic stock market during the week from the 29th of last month to the 3rd of this month. Foreign investors bought 1.8988 trillion KRW in the KOSPI market and 417 billion KRW in the KOSDAQ market, respectively.

The stock most purchased by foreign investors last week was Samsung Electronics. Foreign investors net bought Samsung Electronics worth 994 billion KRW last week, marking the second consecutive week of the largest purchases of Samsung Electronics. Next, they bought Krafton worth 206.3 billion KRW. In addition, they net purchased Naver (NAVER·99.9 billion KRW), Samsung Electronics Preferred (99.6 billion KRW), Kakao Games (91.5 billion KRW), Kakao Bank (67 billion KRW), Kakao (61.9 billion KRW), HMM (54.8 billion KRW), Wemade (50.7 billion KRW), and SK Hynix (47.4 billion KRW).

The stock most sold by foreign investors last week was SK Square. Foreign investors net sold SK Square worth 125.5 billion KRW last week. They also sold SK Telecom worth 59.2 billion KRW. Other stocks with high net sales by foreign investors included Hyundai Motor (50.5 billion KRW), LG Chem (49.5 billion KRW), Celltrion (44.7 billion KRW), Daewoo Electronics Materials (36.4 billion KRW), POSCO (POSCO·35.5 billion KRW), POSCO Chemical (33.9 billion KRW), U-BioLogics (30.6 billion KRW), and Hyosung TNC (30.4 billion KRW).

There is an analysis that the foreign capital inflow since last month cannot be regarded as a trend-based inflow. KTB Investment & Securities researcher Kim Kyunghoon said, "Given the uncertain economy next year and the recent emergence of Omicron, the foreign capital currently flowing in is highly volatile active capital," adding, "The foreign capital inflow since November is not yet a trend formation but rather a high likelihood of short position liquidation accumulated throughout the year, considering the continuous decline of the domestic stock market this year."