This year’s counter trade has already exceeded 170 billion won. This is because there are many stocks that have been forcibly liquidated due to a fall in the stock price even though the new year is bright and only a week and a half has passed. As there are many risk factors such as tightening by the US central bank (Fed), securities analysts advise that investors should be cautious rather than rushing to invest.
According to the Financial Investment Association on the 13th, the amount of counter trading compared to this year’s receivables was 172.3 billion won (as of the 12th). Only eight trading days have passed since the start of the new year, but the amount of counter trading has already reached 200 billion won. It is calculated that an average of 20 billion won per day was counter-traded. This is high considering that the average daily counter trading amount in the previous month was 14.8 billion won.
This means that investors’ hearts have become so urgent. A receivable transaction refers to a transaction that purchases stocks with a certain margin and pays them back on the settlement date, two days later. It is an investment method that is taken when there is a certainty that it will rise in a short time of two days.
However, if the receivables cannot be repaid after two days, the brokerage company forcibly disposes of the stock is a counter-trading. In other words, many stocks were forcibly liquidated when investors who tried to draw receivables by saying they would see the conclusion within two days did not pay the receivables on time due to the falling stock price.
Securities analysts advise taking a step back rather than actively investing in the uncertainty of the stock market. This is because stock market volatility is expected to increase as the pace of tightening by the Fed is accelerating.
Park So-yeon, a researcher at Shinyoung Securities, said, “As the real interest rate rebound continues due to the tightening of the Fed, risk assets in general will suffer a difficult period for the next two to three months.” It is also a risky asset, so a limited approach is required until March, when the first rate hike takes place.”
Reporter Seulgi Lee [email protected]
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