📈Foreigners Log 1st Net Buying of Japanese Stocks in 6 Weeks.
Tokyo, Dec. 28 (Jiji Press)–Foreign investors turned net sellers of Japanese stocks for the first time in six weeks last week, a Tokyo Stock Exchange report showed Thursday.
In the Dec. 18-22 week, overseas investors posted a buying excess of 122,362 million yen, against the previous week’s net selling of 12,218 million yen, according to the report on the TSE and the Nagoya Stock Exchange.
The key 225-issue Nikkei average rose 349.54 points, or 1.55 pct, to end the reporting week at 22,902.76, due to hopes for the enactment of U.S. tax reform legislation by the end of the year.
Following is a breakdown of stock transactions by investment group in millions of yen:
(December 18-22) (December 11-15)
Buy Sell Net Net
Foreigners 8,553,282 8,675,644 122,362 -12,218
Individual 3,392,899 3,058,892 -334,007 -82,642
(Between agencies)
Trust Bank 23,993
Other banks – 11,194
Investment Trust 10,529