Individual Net Selling of 1.3 Trillion Won, Foreign Investors Show Opposite Trend
Market Experts Say "Foreign Money Move to Continue for the Time Being"
Samsung Electronics regained the 70,000 won mark after 14 months. As the stock price had been stagnant for a long time, individual investors continued to sell off their shares.
According to the Korea Exchange, individual investors sold a net total of 1.3601 trillion won worth of Samsung Electronics shares over 10 trading days from the 26th of last month to the 9th of this month.
On the 26th of last month, Samsung Electronics surpassed the 70,000 won closing price level for the first time since March 29 of last year. On that day alone, individuals sold shares worth 453.2 billion won, and except for two trading days until the 9th, they showed a net selling dominance.
The 'break-even psychology' is interpreted as having encouraged individual investors to sell. Samsung Electronics' stock price hit an all-time high of 66,800 won in January 2021. It attracted investors' funds for a while but then steadily declined, showing signs of a rebound only this year.
Foreign and institutional investors are buying more than the volume sold by individuals. Over the past 10 trading days, during which individuals sold more than 1.3 trillion won, foreign and institutional investors bought net amounts of 1.3979 trillion won and 18 billion won, respectively.
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