[Alpha Biz=(Chicago) Reporter Kim Jisun] Pension funds sold Celltrion and Samsung Electronics last month and actively bought AI-related stocks and Kakao to adjust their portfolios, a report showed.

According to the Korea Exchange on the 4th, Celltrion sold a net KRW 117.71 billion worth of stocks during the month of November. It sold a lot of financial shares such as KB Financial Group (74.3 billion won) and Hana Financial Group (61.7 billion won), and Samsung Electronics, which had been steadily collecting until October, also sold a net 52.8 billion won.

In the case of Samsung Electronics, it is believed that it bought intensively based on the "memory bottom theory" but changed its strategy as stock market volatility increased with the ban on short selling last month.

On the other hand, Doosan Robotics bought the largest amount of pension funds last month, net buying 141 billion won.

Doosan Robotics is a representative beneficiary of the government's policy support for the robot industry and the favorable factors of growth stocks due to the possibility of a rate cut. Analysts say that investor sentiment is gathering as the revision of the Intelligent Robot Act, which calls for allowing new industries using outdoor mobile robots, is implemented.

The second place was bought by Kakao with 66.2 billion won, followed by Samsung SDI (64 billion won), Hanwha Ocean (48.5 billion won), Hanwha Aerospace (47.6 billion won), Samsung Electro-Mechanics (45.5 billion won), and Krafton (45 billion won).

Kakao hit its lowest price of 37,300 won on Oct. 27 and its stock price rose 34.32 percent during the month of November to recover to the 50,000 won range. While private investors are pouring out a large amount of supplies taking advantage of the stock price rebound opportunity, pension funds and other institutions appear to have started buying low points.

 

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