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[Alpha Biz=(Chicago) Reporter Kim Jisun] While foreign and institutional investors continue to sell strongly in the local market, they are sending love calls to SK Telecom and KT. In particular, SK Telecom's appeal has grown due to high dividends and new businesses.
According to the Korea Exchange on the 5th, foreigners have bought 112.8 billion won worth of KT shares over the past month. During this period, it ranks third in net buying in the securities (KOSPI) market. It has continued its buying advantage for nine consecutive trading days since the 19th of last month.
The agency bought 88.6 billion won worth of SK Telecom shares and ranked third in net buying. Both foreigners and institutions are selling stocks in the domestic market, while KT and SK Telecom are buying.
During this period, KT's stock price rose 0.77%, and SK Telecom maintained its position. Considering that the KOSPI index fell 7%, it is believed to have done well.
Analysts say investor sentiment is gathering as its charm as a leading economic defense stock and dividend stock has been highlighted amid growing uncertainties in the stock market recently. According to financial information provider FnGuide, SK Telecom's annual dividend yield is 6.68% and KT's 5.91%.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
