이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Most of short sellers of Korean shares found to be foreign investors
- Collected
- 2016.07.06
- Distributed
- 2016.07.07
- Source
- Go Direct
From Tuesday, short-sellers had to report their identities under a new regulation. The disclosure showed 414 cases (298 stocks) - 120 KOSPI stocks and 178 KOSDAQ stocks - in short selling position. Of these, 400 cases came from foreign securities companies. In terms of stocks, 97 percent of short selling was placed by foreign investors.
Foreign investors are freer in short-selling while domestic players fear negative impact on the bourse.
A total of 17 securities companies are subject to the mandatory disclosure system and the top eight of them were all foreign stock brokerages in the list of short sellers. The biggest short seller was Morgan Stanley with a total of 248 cases.
It was followed by Merrill Lynch (34 cases), Goldman Sachs (28 cases), Deutsche Bank (24 cases), UBS (22 cases), Credit Suisse (21 cases), JPMorgan (18 cases) and Citi Global Market (3 cases).
Among Korea stock brokerage houses, Samsung, Dongbu, Meritz, Shinhan and Woori (now NH) disclosed two cases of short selling each.
Stocks with the largest short selling balance were OCI, Hotel Shilla, Samsung Heavy Industries and Hyundai Merchant Marine on the KOSPI market, and Celltrion, Medipost and Seegene on the KOSDAQ market.
“Stocks with a higher short selling balance suggest their stock price would fall further due to industry woes or earnings uncertainty. The disclosure can bring more negative attention on these stocks,” said Choi Chang-gyu, a researcher at NH Investment & Securities.
By Han Ye-kyung, Choi Jae-won, and Bae Mi-jung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]