Bullish KOSDAQ
According to financial data provider FnGuide, foreign investors enjoyed an average gain of 30.56 percent in the KOSDAQ this year to outperform institutional (23.02 percent) and individual investors (7.99 percent).
The percentages were calculated based on the top 10 net-purchased stocks by the investor group.
The index rose 9.21 percent during the same period. Ninety percent of the stocks bought by foreigners and institutional investors showed appreciation, whereas the ratio was as low as 40 percent for individual investors.
For example, foreign investors purchased 16.6 billion won (US$14.9 million) worth of Galaxia Communications stocks, and the company recorded a gain of 186.72 percent. Similar stocks were OCI Materials (39.26 percent), Silicon Works (28.80 percent), Celltrion (25.61 percent), and Humax (16.97 percent). KHVatec was the only loss-making stock on foreign investors’ top 10 list, but its decrement was limited to 8.82 percent.