Short2.16CREDIT SUISSE, in a report today (2 Feb), said there has been a surge in short-selling activity on SGX.

Now, we know a bit more about who (or which group of market participants) have been causing investors lots of agony. 

Credit Suisse said total short-selling activity surged from S$3.2 bn in December 2015 to S$5.6 bn in January 2016, representing 25% of total turnover.

Stocks with the highest short selling as a percentage of total volume in January include Suntec REIT (50%), SPH (47%), Wilmar (46%), SembCorp Industries (42%), and Golden Agri (38%).

Other victims include: OCBC, StarHub, Capitaland, Hutchison Port Holdings Trust, and Keppel Corp.

Buffett CNBC 10.12“(Short-selling) has ruined a lot of people. You can go broke doing it. It's a whole lot easier to make money on the long side. You can't make big money shorting because the risk of big losses means you can't make big bets." - Warren Buffett
Stocks which saw the most significant increase (in Jan 2016 versus Dec 2015) in short selling as a percentage of total volume include Suntec REIT, ST Engineering, KREIT, Jardine Matheson and CapitaMall Trust.

These are blue chips tracked by Credit Suisse but it is not uncommon for non-blue chips to be shorted too. 

When reversals come, it will be the turn of shortists to experience agony. Probably, many will end up surrendering their gains and maybe more, we hope.

If you are tempted to play the shorting game, bear in mind what Warren Buffett said: "It's ruined a lot of people. You can go broke doing it.

"It's a whole lot easier to make money on the long side. You can't make big money shorting because the risk of big losses means you can't make big bets."  (Source)

You may also be interested in:

  • images/stories/AEM/lokewaisan11.17a.jpg AEM: Short-sellers have hand in share price dive

    Share Prices

    Counter NameLastChange
    AEM Holdings3.840-0.010
    Avi-Tech Electronics0.275-
    Best World1.760-0.020
    Broadway Ind0.118-
    China Sunsine0.405-
    DISA0.003-
    Food Empire0.650-0.010
    Fortress Minerals0.330-
    Geo Energy Res0.3750.010
    Golden Energy0.7800.005
    GSS Energy0.046-
    InnoTek0.470-
    ISDN Holdings0.405-
    ISOTeam0.100-
    IX Biopharma0.126-
    Jiutian Chemical0.0780.001
    KSH Holdings0.3500.005
    Leader Env0.056-0.002
    Medtecs Intl0.140-0.002
    Meta Health0.025-0.001
    Nordic Group0.4800.005
    Oxley Holdings0.149-
    REX International0.235-
    Riverstone0.635-0.010
    Sinostar PEC0.170-
    Southern Alliance Mining0.380-0.060
    Straco Corp.0.405-
    Sunpower Group0.260-
    The Trendlines0.088-
    Totm Technologies0.105-0.002
    UG Healthcare0.195-
    Uni-Asia Group0.830-0.005
    Wilmar Intl4.1200.020
    Yangzijiang Shipbldg1.4200.020

    NextInsight RSS

    rss_2 NextInsight - Latest News

    Online Now

    We have 705 guests and no members online