'Stock Fever' Market Transaction Amounts to 5 Quadrillion Won, Up 10.5% Year-on-Year
[Asia Economy Reporter Lee Seon-ae] Last year, the amount of stock market-related transactions significantly increased due to the stock craze and the activation of bond trading.
According to the Korea Securities Depository on the 1st, the total amount of stock market-related transactions processed last year was 5,162.6 trillion won, a 10.5% increase compared to the previous year. The average daily transaction amount was 207 trillion won, which is 1.7 times higher than the past five years.
By type of stock market-related transaction amount, trading settlement amounts for stocks and bonds were the largest at 4,721.6 trillion won (91.5%), followed by principal and interest of deposited securities at 2,844 trillion won (5.5%), and collective investment securities at 1,079 trillion won (2.1%).
Among trading settlement amounts, the over-the-counter repurchase agreement (Repo) settlement amount was 4,103.6 trillion won, a 10.6% increase from the previous year. This is interpreted as the call market, a short-term money market, being operated mainly by banks, while securities companies and asset management firms in the secondary financial sector utilized over-the-counter repo transactions as a means of short-term fund procurement.
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Bond-related settlement amounts also increased by 11% to 5,625 trillion won during the same period, and stock-related settlement amounts surged by 41.6% to 555 trillion won.
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