Most Popular
-
1
Medical profs at top hospitals suspend surgeries, clinics
-
2
Samsung chip business back on track, logs W1.9tr operating profit in Q1
-
3
Exports to US reach all-time high, widen gap with China
-
4
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
5
Shinsegae faces showdown with investors over SSG.com's delayed IPO
-
6
Hopes rise for possible Gaza truce deal
-
7
S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
-
8
Ex-pro baseball player who killed debtor appeals sentence
-
9
S. Korea to issue travel ban on Haiti amid intensifying gang violence
-
10
Leaders of S. Korea, Angola agree to boost economic, trade cooperation
[THE INVESTOR] South Korean stocks rose to hit fresh yearly highs on Aug. 8 as foreigners and institutional investors increased their net buying.
The benchmark KOSPI gained 0.65 percent to close at 2031.12 points, the highest since November in 2015 when the market ended at 2030.68.
Foreign investors were net buyers of stocks worth 79.6 billion won (US$71.77 million).
Naver, the country’s biggest portal site operator, was the most popular option for offshore investors on the day, buying a net 21.4 billion worth of stocks on the Seoul bourse.
Second and third in terms of net foreign buying were Seoul’s top cosmetics makers LG Household & Health Care and AmorePacific at 19.6 billion won and 16.9 billion won, respectively. CJ CheilJedang was the fourth with its stocks worth 15.8 billion won being sold to foreign investors during the day.
Foreigners dumped shares of Samsung Electronics worth 57.3 billion won, making it the biggest one-day selloff among KOSPI-listed stocks. Investors sold the stock to take advantage of a sharp rise which had set a new 52-week high in the recent consecutive sessions.
Other top losers included top steelmaker POSCO, Samsung Electronics’ preferred shares, of which foreigners sold 9.6 billion won and 9.5 billion won worth, respectively. They also unloaded 6.1 billion won shares of Hyundai Steel.
By Park Han-na (hnpark@heraldcorp.com)
