[THE INVESTOR] SK hynix
, the nation’s No. 2 chipmaker, was named the most favored stock for foreigners this year, while institutional investors preferred Samsung Card
. Samsung Electronics
was the least favored stock for both foreign and institutional investors.
According to FN Guide, a local fund tracker, foreign investors have purchased SK hynix shares worth 1.05 trillion won (US$950 million) this year as of Sept. 12, elevating the price by 25 percent to 37,800 won.
Other top stocks based on foreigners’ net buying include AmorePacific
, Korea Aerospace Industries
and Korea Zinc
Institutions were found to have purchased Samsung Card shares most. Their net buying was worth 1.64 trillion won this year, with the share price jumping 77 percent to 53,300 won during the cited period.
In the meantime, both foreign and institutional investors dumped Samsung Electronics stocks most.
Foreigners sold off more than 2.5 trillion won of the company’s stocks, including preferred shares worth 1.03 trillion won, this year. Other less favored stocks by foreigners include Samsung Life Insurance, Hyundai Motor, Hotel Shilla, KB Financial Group and Hyundai Mobis.
Institutions also dumped almost 2 trillion won shares of Samsung Electronics, more than double the 867 billion won shares of AmorePacific, their second least favored stock.
By Lee Ji-yoon (email@example.com