Overseas investors’ net buying of shares of KOSDAQ-listed companies recorded an 8-moth high in March the Korea Exchange said Tuesday.
Foreigners’ net purchase of KOSDAQ shares continued for three consecutive months, from January to March 2013, the public stock exchange’s data showed.
The foreigners’ net purchase particularly shot up between January and February, from 26 billion won ($23.4 million) to 348.7 billion won.
Both the new government’s expanded subsidiary budget for small and medium exporters and the investors’ loss of confidence in securities market accounted for the influx of foreign capital into KOSDAQ, analysts said.
They added that the buying tide of foreign investors likely will keep up throughout the second quarter and on, as KOSDAQ is strongly subject to domestic market and export activity.
