Online Trading
The downturn materialized as investors resumed trading following the holiday period and responded to the absence of significant breakthroughs at the Trump-Xi summit. Although the US and China concurred to reduce tariffs on approximately $30 billion of imports from each side and prolong their trade suspension until January, numerous critical matters remained unaddressed.
Technology equities faced significant selling pressure following disclosures concerning prospective Chinese acquisitions of Nvidia’s latest AI chips and suggested US sanctions targeting overseas optical component manufacturers. Cambricon Technologies retreated 6.55%, GigaDevice Semiconductor decreased 6.58%, Zhongji Innolight shed 4.35%, and Eoptolink Technology decreased 4.53%.
*9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
*On an average, loss makers registered net trading loss close to ₹ 50,000.
*Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
*Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.
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