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
Trust Banks 149,770
Other Banks -1,607
Investment Trusts 39,476
Note: The "-" mark means net sales.END
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