(MENAFN- Qatar News Agency) Oul june 05 (qna) - stock ownership by foreign investors on south korea's bourse rose sharply this month as they scooped up market heavyweights such as tech and auto shares data showed thursday.
overseas investors held a combined 33.24% of local shares worth 441.8 trillion won (us$431 billion) as of tuesday this year's high according to the data compiled by the korea exchange.
foreign investors owned 35.65% of the total shares traded on the main bourse worth 427.99 trillion won the highest portion of the year. tuesday's figure compares with 35.14% at the end of last month.
they held 10.76% of the shares on the secondary tech-laden kosdaq as of tuesday also up from 10.57% at the end last month the data showed.
offshore investors extended their buying streak to the 16th consecutive day through tuesday purchasing a net 3 trillion won worth of local shares.
in particular foreign investors rushed to buy samsung electronics co. the country's top market cap on hopes that the tech giant the flagship of top conglomerate samsung group would take shareholder-friendly measures following the hospitalization of de facto chief lee kun-hee.
foreign ownership in samsung electronics stood at 50.91% as of tuesday up from 50.61% on may 2 and 49.55% on jan. 2 the data showed. (qna)
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.