Q3 Stock Settlements Increased by 62%... 720 Billion Won Settled Daily
[Asia Economy Reporter Oh Ju-yeon] The average daily settlement amount for on-market stocks in the third quarter of this year reached 720 billion KRW, showing a significant increase compared to the same period last year.
On the 28th, the Korea Securities Depository announced that the average daily securities settlement amount in the third quarter of this year was 24.5 trillion KRW, a 4.4% increase compared to the same period last year.
The settlement amount for on- and off-market stocks was 1.55 trillion KRW, a 0.3% increase from the previous quarter (1.54 trillion KRW) and a 48.3% increase compared to the same period last year (1.04 trillion KRW).
Among these, the settlement amount in the on-market stock market averaged 720 billion KRW daily, marking a 62.9% increase compared to the same period last year. It also rose 3.0% compared to the previous quarter (699 billion KRW).
The Depository explained, "The trading amount increased by 15.8% from the previous quarter (26.6 trillion KRW) to 30.9 trillion KRW, and since the deduction rate remained at a similar level to the previous quarter, the settlement amount also increased."
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Meanwhile, the settlement amount for on- and off-market bonds was 23 trillion KRW, a 7.7% decrease compared to the previous quarter (24.9 trillion KRW), but a 2.3% increase compared to the same period last year (22.5 trillion KRW).
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