[에너지경제신문=윤하늘 기자] The so-called’debt investment’, in which individuals owed their stocks, is breaking the record high every day. As a result, securities companies seem to be stopping credit loans this year following last year.
According to the Financial Investment Association on the 19th, the credit loan balance of individual investors as of the 15th recorded 21,296.2 billion won, an increase of 13.6 billion won from the previous day. It is an all-time high with an increase of 10 consecutive trading days.
Compared to the end of last year (19,221.3 billion won), it has expanded more than 2 trillion won this year alone.
Credit loan balance is the amount that individual investors borrow from securities companies to invest in stocks.
As new loan balances continue to increase, brokerage firms have also stopped buying credit loans to control excessive credit loan expansion.
Daishin Securities stopped buying credit loans from the previous day, and NH Investment & Securities will also stop on the 21st. Earlier, Samsung Securities and Eugene Investment & Securities also stopped buying credit loans from the 13th and 15th, respectively.
Meanwhile, as KOSPI volatility increased, the volume of counter trading also increased. According to the Financial Investment Association, on the 14th, the volume of counter-trading accounts for unacceptable transactions reached 38.8 billion won, the largest in 12 years since October 27, 2008, at the time of the global financial crisis.
Counter-trading is when the value of the stock (credit transaction) purchased by borrowing money from a securities company falls below a certain level or fails to pay the settlement price for the stock (accepted transaction) purchased through a foreign transaction, the securities company is forcibly disposing of the bond. It is a way to recover.
Some stocks allow customers to place buy orders as long as they hold only 20-40% of the margin of the order. However, if the remaining amount (receivables) is not filled within the settlement date (2 trading days), it is subject to counter trading.
Stock prices believe that unacceptable transactions that missed the point of sale became targets of counter-trading as the high volatility continued without recovering the peak after the KOSPI broke through the 3,200 line on the 11th.
Reporter Haneul Yoon [email protected]
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