June 19, 2008

Foreigners Stay Net Buyers of Japan Stocks for 11th Week

Tokyo, June 19 (Jiji Press)--Foreign investors remained net buyers of Japanese stocks for the 11th straight week last week, the Tokyo Stock Exchange said Thursday.

In the June 9-13 week, nonresidents posted net purchases of 281,699 million yen, down from the prior week's 315,586 million yen, according to the TSE report based on transactions via 63 brokerage firms on the Tokyo, Osaka and Nagoya exchanges.

Trust banks marked a record net selling of 385,857 million yen, as the recent slump in the Japanese bond market raised the proportion of stocks in their portfolios and prompted them to trim equity positions, sad Yutaka Miura, equity manager at Shinko Securities Co.

The 225-issue Nikkei average last week plunged 515.71 points, or 3.6 pct, to close at 13,973.73 on Friday.

Following is a breakdown of stock transactions by investment group in millions of yen:

(June 9-13) (June 2-6)

Sell Buy Net Net

Foreigners 5,590,573 5,872,272 281,699 315,586 Individuals 1,854,675 2,293,385 438,710 -46,819 (Among Institutions)

Trust Banks -385,857

Other Banks 634

Investment Trusts -46,199

Note: The "-" mark means net sales.END

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