[Korea goyounghun financial newspaper reporter] specifies short selling stocks, I became overheated carried no short-selling stocks designated as overheated stocks two weeks is the question being raised on the effectiveness. In contrast, the last seven days lending balances are showing an increase.
According to the 10th in Korea Exchange and the Korea Financial Investment Association events specified short selling stocks from overheating since overheating event, I specified a month effective from 27 days to 7 days this month were not. Scale short-selling turnover showed a decline.
Requirements such as the current to become designated as short-selling overheated stocks △ total turnover compared to short-selling ratio above 20% (KOSDAQ is over 15%) △ short selling ratio is more than double the average QoQ 40 trading days △ previous day closing price of 5% over the next six months. both should be available.
Recently KOSPI has recently close to the peak, and has seen a sideways between the years 2150 to 2160 points, KOSDAQ has also rebounded out of recession.
Market Status by the short-selling turnover was 12% oil, 21% KOSDAQ, short sales accounted for 0.3 percent oil, KOSDAQ decreased 0.5 percentage points.
Although securities markets were short-selling turnover decline was more than keot overall decline in trading value, the total trading volume increased in the case of the Kosdaq market, short selling turnover was significantly reduced.
By investor status in the case of foreigners who are actively trading the short selling, short selling transactions was significantly reduced in both oil prices and the KOSDAQ market. -17.4% In oil markets, In the KOSDAQ fell -18.7%. Last year, based on short-selling transactions of foreign investors accounted for 72% of all oil, KOSDAQ 78%.
Private investors are claiming tteoleojindago stale and difficult to specify short-selling stocks overheating.
In exchange for side explained, "short-selling stocks tend to overheat, which showed a pattern that is usually intense price specified by the downturn, it has reduced the price specified frequency upturn."
He added that "we are the KOSPI, KOSDAQ is also reduced in the rising phase conditions, short selling transaction volume since the enforcement system seems not a market situation in which short selling stocks overheating can be extracted."
Two weeks after the enforcement position that is difficult to judge the effectiveness of hagieneun just as there was no system is specified, short selling stocks from overheating. In the prior-back tests during 2015-2016 Simulation claimed to have verified that the short-selling stocks harvested from overheating in the period in which the benchmark KOSPI plunged. In addition, implementation of new institutions, such as Overheat short selling stocks designated institutions, regulatory sanctions violators strengthen he said likely influenced.
But based on the last seven days lending balances increased by 41.42% compared with last January it was 48 trillion 103.1 billion won to 68.0285 trillion won. Lending is lending funds to the stock lending transaction means the amount unpaid after investors borrowed shares.
Industry insiders pointed out, "It is a loan balance as leading to short selling should not be careful enough to indicate a potential possibility." 24th month was a record high as 68.3933 trillion won.
Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com
