Nonresident investors remained net sellers on the Tokyo, Osaka and Nagoya bourses in the week of July 22-26 for the sixth straight week, with the largest sales value per week for the year, the Tokyo Stock Exchange has said.
They sold a net 204.02 billion yen in Japanese stocks at the three major exchanges, up from a net 39.64 billion yen the previous week, according to TSE data released Thursday.
Tokyo stocks saw steep drops in the reporting week, with heavy selling by foreign investors contributing to falls in the Nikkei average below the 10,000 line for the first time in five months.
Trust banks, however, were net buyers for the sixth straight week, purchasing a net 108.19 billion yen, up from a net 8.31 billion yen.
Individuals remained net buyers for the third straight week, purchasing a net 119.84 billion yen, up from a net 78.66 billion yen.
Life and nonlife insurance firms were net buyers for the third consecutive week, buying a net 5.78 billion yen, up from 4 billion yen.
Investment trusts turned net sellers for the first time in four weeks, selling a net 2 billion yen, compared with a net purchase of 20.96 billion yen.
Major banks with nationwide branch networks, known as city banks, and regional banks remained net sellers for the 43rd straight week, with net sales of 13.79 billion yen, up from 7.22 billion yen.