During the one week after short selling resumed, the share of short selling transactions in the stock market decreased considerably, and the market was also finding stability.



According to the Korea Exchange, the ratio of the short sale transaction value to the stock market transaction value for 4 business days from the 3rd to 7th, the date of the resumption of short selling, was calculated as 3.4%.



Compared to the same figure, which reached 4.5% per year in 2019 and 5.5% on the trading day just before the ban on short selling last year (March 13), it is significantly reduced.



The average daily short selling transaction value for a week was 831.3 billion won, which is an absolute increase compared to 2019 (420.7 billion won).



However, since last year's'Donghak ant movement', it has not been able to keep up with the increase in trading value, and the share in the stock market has decreased.



In fact, contrary to the initial concern that the resumption of short selling could lead to a correction in the stock price, the KOSPI 200 rose 1.5% after the resumption.



Celltrion (+0.2%), LG Display (+1.7%), HMM (+8.7%), Kumho Petroleum (+8.1%), and Kakao (+0.9%), among others The rate of increase in stock prices was positive throughout the period.



However, the KOSDAQ 150, which had a relatively larger portion of short selling than the KOSPI 200, fell 1.3%.



The top stocks for short selling transactions on KOSDAQ also rose 0.6% in 4th place Celltrion Healthcare, 1st Seegene (-12.3%), 2nd Kakao Games (-2.6%), 3rd KM Double U (-9.9%), 5th Paradise ( -2.2%) fell in line.



By investing entity, the average daily short sale transaction value of foreigners was KRW 738.6 billion, accounting for 87.7% of the total short sale transaction value.



The share of foreigners' short selling has significantly increased from the average share of foreigners of 60.0% during the week just before the ban on short selling in March last year.



The exchange explained that the increase in the proportion of foreigners' short selling was also affected by a significant decrease in short selling by market makers among existing institutions due to strengthening regulations.



In the case of institutions, the daily average short selling transaction amount was 87.5 billion won and the proportion was 10%, which was significantly reduced from 39% in the week preceding the ban on short selling.



(Photo = Yonhap News)