July 10, 2008

Foreigners Remain Net Sellers of Japan Stocks

Tokyo, July 10 (Jiji Press)--Foreign investors remained net sellers of Japanese stocks for the second straight week last week, a Tokyo Stock Exchange report showed Thursday.

Foreigners posted net selling of 99,163 million yen last week, against the prior week's selling excess of 289,212 million yen, according to the TSE report based on transactions via 63 brokerage firms on the first and second sections of the TSE, the Osaka Securities Exchange and the Nagoya Stock Exchange.

The 225-issue Nikkei average tumbled 306.47 points, or 2.3 pct, last week to close at 13,237.89 on the TSE on Friday, extending its losing streak to a 12th session, the longest such run in 54 years.

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

(June 30-July 4) (June 23- 27)

Sell Buy Net Net

Foreigners 5,446,955 5,347,792 -99,163 -289,212

Individuals 1,642,382 1,701,307 58,924 190,014

(Institutions)

Trust Banks 149,770

Other Banks -1,607

Investment Trusts 39,476

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

(c) 2008 Jiji Press English News Service. Provided by ProQuest Information and Learning. All rights Reserved.