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Photo courtesy of Yonhap News |
[Alpha Biz= Ellie Kim] South Korea’s institutional investors, including the National Pension Service, have purchased more than ₩1 trillion worth of shares in major semiconductor companies this month, signaling a shift toward bottom-fishing amid recent market volatility.
According to industry data on June 12, pension funds recorded net purchases totaling ₩1.0113 trillion in shares of SK Hynix and Samsung Electronics.
Among individual stocks, SK Hynix saw the largest net buying at ₩771.1 billion, followed by Naver (₩339.8 billion), Samsung Electronics (₩240.2 billion), Shinhan Financial Group (₩83.6 billion), and Samsung Life Insurance (₩55.1 billion).
Despite these targeted purchases, pension funds remained net sellers of the broader KOSPI market, offloading a total of ₩421.3 billion during the same period.
Market observers note that pension funds appear to be selectively increasing exposure to large-cap semiconductor stocks while reducing positions elsewhere.
In the previous month, pension funds had taken profits at higher price levels, recording net sales of ₩748.4 billion in SK Hynix. However, with recent corrections in both SK Hynix and Samsung Electronics, institutional investors are now seen as taking advantage of lower valuations to rebuild positions.
Alphabiz Ellie Kim 인턴기자(press@alphabiz.co.kr)
