Foreigners Hold 'Lion' for 5 Consecutive Weeks... LG Chem Most Bought

[Asia Economy Reporter Song Hwajeong] Foreign investors have shown buying momentum in the domestic stock market for five consecutive weeks. They purchased LG Chem the most in a long time.

According to the Korea Exchange on the 16th, foreign investors net bought about 392 billion KRW in the domestic stock market during the week from the 10th to the 14th. Foreign investors bought 979.8 billion KRW in the KOSPI market but sold 587.8 billion KRW in the KOSDAQ market.

The stock most purchased by foreign investors last week was LG Chem. Foreign investors net bought 526.1 billion KRW of LG Chem last week. This was followed by Samsung Electronics with 432.4 billion KRW. Other net purchases included KB Financial Group (301.8 billion KRW), SK Hynix (232.9 billion KRW), Samsung Electronics Preferred (217.8 billion KRW), Shinhan Financial Group (147.4 billion KRW), Hana Financial Group (135.1 billion KRW), Woori Financial Group (102.5 billion KRW), POSCO (41.3 billion KRW), and LG Electronics (40.9 billion KRW).

The stock most sold by foreign investors last week was Kakao. Foreign investors net sold 287.8 billion KRW of Kakao last week. This was followed by KakaoBank with 266.0 billion KRW net sales. Other top net sales by foreign investors included NAVER (140.3 billion KRW), LG Household & Health Care (106.8 billion KRW), Samsung SDI (103.8 billion KRW), Alteogen (66.7 billion KRW), SK Square (64.4 billion KRW), LG Innotek (60.6 billion KRW), Samsung Electro-Mechanics (55.4 billion KRW), and Krafton (51.9 billion KRW).

The domestic supply and demand conditions are expected to improve. Kim Younghwan, a researcher at NH Investment & Securities, said, "The impact of external negative factors such as concerns over U.S. monetary tightening on the stock market is likely to continue for some time. However, as the dividend arbitrage selling by financial investment funds has come to an end and the period for individual investors to prepare subscription funds for LG Energy Solution is expected to conclude next week, domestic supply and demand conditions are improving."