Foreign, institutional investors place mixed bets on Samsung Electronics
Aug 22, 2016
Market players in South Korea have placed mixed bets on shares of Samsung Electronics Co. this month, with foreigners remaining a net seller of the stock while local institutional investors keep buying it. Shares of Samsung hit an all-time closing high of 1,675,000 won ($1,492) last Friday. The stock continued its rally early Monday and traded as high as 1,692,000 won. According to the Korea Exchange, local institutional investors had snapped up Samsung stocks worth 256.3 billion won for a ninth