Short Selling Trading Volume on First Day Hits 1.1 Trillion Won... Celltrion, LG Display, Shinpung Pharmaceutical, Seegene Lead
[Asia Economy Reporter Lee Seon-ae] On the 3rd, as short selling resumed for KOSPI 200 and KOSDAQ 150 index stocks, the scale of short selling transactions on the first day reached about 1.1 trillion KRW.
According to the Korea Exchange, the short selling transaction amount in the KOSPI market on that day was 814 billion KRW, and the short selling transaction volume was 18,545,154 shares. By investor type, foreigners accounted for the largest amount at 738.2 billion KRW, followed by institutions with 63.6 billion KRW, and individuals with 13.2 billion KRW.
In the KOSDAQ market on the same day, the short selling transaction amount was 279 billion KRW, and the short selling transaction volume was 9,683,989 shares. By investor type, foreigners led with 217.6 billion KRW, followed by institutions with 56.5 billion KRW, and individuals with 4.9 billion KRW.
The total daily short selling transaction amount across both markets was 1.0931 trillion KRW. Among this, foreign investors accounted for 955.9 billion KRW, representing 87%. Institutions and individuals recorded short selling transaction amounts of 119.1 billion KRW and 18.1 billion KRW, respectively.
Overall, the daily scale of short selling transactions increased compared to before the short selling ban. The total short selling transaction amount rose approximately 2.6 times (159.8%) compared to the 2019 daily average of 420.7 billion KRW. Compared to the 10 trading days average of 861 billion KRW just before the short selling ban in March last year, it increased by 27.0%.
Comparing daily short selling transaction amounts by investor type with the 2019 average, individuals and foreigners increased by 3.8 times (279.2%) and 3.6 times (262.0%), respectively. In contrast, institutional transaction amounts decreased by 21.6%.
Compared to the 10 trading days average in March last year, individuals and foreigners doubled (101.5% and 100.8%), while institutions decreased to about one-third.
The stock with the highest short selling transaction amount on that day was Celltrion, with 71 billion KRW traded. LG Display (49.1 billion KRW), Shinpung Pharmaceutical (29.1 billion KRW), Seegene (28.9 billion KRW), LG Chem (27.8 billion KRW), HMM (23.1 billion KRW), and Kumho Petrochemical (21.8 billion KRW) followed.
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Stocks with a high proportion of short selling transaction amount relative to total transaction amount included Samsung Card (56.45%), Hyundai Marine & Fire Insurance (46.06%), Dawonsys (41.56%), NK Max (38.34%), Ottogi (37.77%), Lotte Holdings (37.65%), and Seegene (34.68%).
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