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[Alpha Biz=(Chicago) Reporter Paul Lee] Since the ban on short selling, the volume of transactions in the local stock market has decreased compared to the annual average, the report showed.
According to Hana Securities on the 30th, the average daily trading value of the local stock market reached 15.8 trillion won from Nov. 6 to Nov. 28, when the ban on short selling took effect. Considering that the average daily transaction amount was 16 trillion won in 2022 and 19.5 trillion won on an annual cumulative basis in 2023, the volume of transactions was sluggish despite the ban on short selling.
However, investor deposits, which are classified as funds around the stock market, increased by 2.8 trillion won immediately after the ban on short selling. Currently, it is 48 trillion won, up 7% from before the ban on short selling.
The stock market has been on an upward curve since the ban on short selling. As of November 28, the KOSPI and KOSDAQ indexes rose 6% and 4%, respectively, from the closing price on November 3, before the ban on short selling. Looking at supply and demand during the period, individuals sold 4.29 trillion won worth of goods, but big hands received them. Institutions and foreigners net bought KRW 1.4372 trillion and KRW 3.4413 trillion, respectively.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
