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(Photo = Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] As of November 28, Naver emerged as the top pick for foreign investors on the Korean stock market, with net purchases totaling ₩789 billion.
This trend reflects foreign investors' confidence in Naver's stable performance outlook and aligns with the broader rally in global tech stocks. Naver's stock price surpassed ₩200,000 on November 27, marking the first time in nine months since February 28. The stock closed at ₩206,500, up 0.98% on the day.
Other Top Picks: Samsung Heavy Industries and Hanwha Systems
Samsung Heavy Industries and Hanwha Systems ranked second and third, respectively, with net purchases of ₩189 billion and ₩160 billion. The shipbuilding and defense sectors have drawn interest from foreign investors this year, fueled by expectations of global economic recovery and geopolitical developments.
Additional Notable Stocks
Hyundai Rotem and Hyundai Mobis were also among the top stocks favored by foreign investors, with net purchases amounting to ₩151 billion and ₩123 billion, respectively.
Strategic Insight
Analysts suggest that stocks with consistent foreign buying could offer protection against market downturns, especially as the KOSPI index struggles to break out of its downward trend. Eugene Investment & Securities identified machinery, shipbuilding, telecommunications, and utilities as sectors continuously attracting foreign capital.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
