[경제]Pension funds, net selling of 15.6 trillion won in the first quarter… intensifying penalties for illegal short selling

[앵커]

The large-scale net selling of the’big hand’ pension funds contributed to the sideways movement of the domestic stock market.

It sold over 15 trillion won in the first quarter of this year.

Ahead of the resumption of short selling next month, the penalties for illegal short selling are expected to be strengthened starting on the 6th.

Reporter Lee Jong-soo on the report.

[기자]

According to the Korea Exchange, the total amount of net sales of pension funds in the securities market from January 4th to last month 30th, the first trading day of this year, is KRW 15.69 trillion.

It amounts to 56% of the KRW 27.97 trillion net sold by the institution for about three months.

The stock that pension funds sold the most in the first quarter was Samsung Electronics, with a net selling amount of KRW 5.37 trillion.

Following that, large-cap stocks such as LG Chem (1,957 billion won), SK Hynix (1,269 trillion won), Hyundai Motor (8312 billion won), and Naver (7457 billion won) ranked in the top spots.

The reason why pension funds are being sold in the stock market centering on the national pension is due to the principle of asset allocation readjustment.

This year’s national pension target ratio of domestic stock holdings is 16.8%, and the stock price of stocks that were bought at low prices rose sharply during the stock market crash in the first half of last year, and the share of domestic stocks increased to 21.2% at the end of last year, so we have to sell our stocks.

With foreigners’ net selling march and even pension funds continuing to sell for 51 consecutive trading days, the KOSPI has been continuing its sluggish trend in recent years.

[서상영 / 키움증권 팀장 : 일단 어떠한 하나의 수급 주체가 계속 매도한다는 것은 좀 부담스럽죠. 외국인들이 최근 들어서 반도체 종목 중심으로 매각하고 있기 때문에 상승이 제한돼 버리죠.]

As a result, the opposition from individual investors intensified, and the National Pension Fund Management Committee discussed a change in the rules for maintaining the share of domestic stocks, but could not conclude it and will review it again.

In the midst of this, another variable emerged in the domestic stock market this month.

This is because there is a high possibility that the stock market funds of individual investors will fall ahead of the resumption of short selling on the 2nd of next month.

Prior to this, the financial authorities decided to impose a fine of not more than 500 million won or up to 1.5 times the unfair gains for illegal short selling and paid-in capital increase after short selling from the 6th.

YTN Jongsoo Lee[[email protected]]is.

[저작권자(c) YTN & YTN plus 무단전재 및 재배포 금지]