(MENAFN- Arab Times) Foreign investors bought 13.15 billion won (US$12.39 billion) worth of Korean shares in the second half of this year, concentrating heavily on electronics while ridding its holdings of food and beverage stocks, according to tallies from the Korea Exchange on Monday.
Data dated from the end of July to Dec. 18 showed their stock purchases were the highest in amount since the second half of 2010
The value of their stocks increased from 33.87% of the total at the end of June to the current 35.57%, it said
Electronics shares were the most preferred, notably Samsung Electronics that attracted 28.5% of new purchases, followed by SK Hynix
The country's largest portal NAVER and Hyundai Motor were at their heels
Transportation equipment and chemicals were also the leading choices, which together with electronics accounted for 74.9% of the foreigners' purchases
The value increases, however, were highest in the order of the machineries, electronics and service sectors
Foreigners shed the largest amount of stocks in food and beverages, selling away 229.1 billion won's worth during the period
They also got rid of pharmaceuticals and non-metal ores. By individual listings, NHN Entertainment shares were sold the most, registering 497.8 billion won
The benchmark index KOSPI has risen 5.97% in the second half of this year.
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