Contrary to the recent surge in the KOSPI, domestic institutional investors are selling large amounts of stocks, drawing attention to the background.
According to the financial investment industry on the 11th, the institution limited the share price increase by selling more than 3.7 trillion won in the KOSPI market alone.
This is nearly double the amount of net sales of 1,973.3 billion won on December 29 last year, which recorded the largest net selling per day.
On the 7th, the agency made a net purchase (1.33 trillion won) for only one day, but net sold for five trading days until this day of the six trading days of this year.
The cumulative net selling amount up to this day is about 7 trillion won (6,944 trillion won).
This is in contrast to the net purchase of 6,226.4 billion won by individuals during the same period.
In December of last year, the institution sold net sales worth 1,989 trillion won for a month, but the scale has increased sharply this month.
It is analyzed that the selling of these institutions is not because they are forecasting the market negatively.
Kim Ji-san, head of the research center of Kiwoom Securities, said, “Because individuals switch from indirect investment to direct investment, there is inevitably limited purchasing power for institutions.” Analyzed.
Among the institutions, financial investors sold more than 2 trillion won (2,211 trillion won) on that day, and pension funds were net sold worth 8253 billion won.
Investment Trust also recorded net sales of 4141 billion won.
“The majority of institutional sales are financial investments, that is, securities companies, but the majority of securities companies’ sales are linked to derivatives,” said Jung Myung-ji, head of the investment information team at Samsung Securities. said.
There are many mechanical transactions, such as differences between spots and futures.
The actual sale of the program on this day amounted to 1.8 trillion won.
“The selling of pension funds seems to be realizing profits from the perspective of asset allocation, as the stock market surged last week, rather than seeing the market badly.”
Daeshin Securities Center Director Jeong Yeon-woo also said, “The sale of major pension funds is a dimension of the allocation of the share of assets due to the increased share of stocks.”
“In the case of a short-term overheating, the institution has no choice but to reduce its weight,” said the head of the center.
/yunhap news
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