"Last Year K-OTC Total Trading Value 868.5 Billion Won... 6% Decrease"
Average Daily Trading Value Down 5.6% to 3.33 Billion Won
Due to an increase in delistings caused by the economic downturn and a decline in investor sentiment, the trading volume on the over-the-counter unlisted stock market (K-OTC) decreased last year.
According to the '2023 K-OTC Market Settlement' announced by the Korea Financial Investment Association on the 12th, the total annual trading volume of K-OTC last year was 868.5 billion KRW, a 6% decrease compared to the previous year. During the same period, the average daily trading volume decreased by 5.6% to 3.33 billion KRW.
The average daily trading volume was 850,332 shares, down 7.6% from 920,316 shares the previous year. By company size, venture, small, and medium-sized enterprises accounted for 80.9% of the total K-OTC market trading volume (762.6 billion KRW).
On the other hand, the total market capitalization increased. The K-OTC market capitalization showed a sideways trend with fluctuations in the first half of the year, followed by a continuous decline in the second half. However, it turned to an upward trend after the end of October, recording 18.1 trillion KRW, a 1.2% increase compared to 17.9 trillion KRW the previous year.
The total number of K-OTC listed stocks slightly decreased. This was influenced by strengthened entry and exit requirements for K-OTC to enhance market soundness and market stagnation. There were 5 newly registered or designated companies and 12 companies deregistered or delisted. As a result, the number of K-OTC trading companies decreased by 7 compared to the previous year.
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Meanwhile, the annual trading volume of K-OTCBB was 6.01 billion KRW, and the trading volume was 19.35 million shares, similar to the previous year. The average daily number of quoted stocks was 294, and the average daily total number of quotes was 1,384. These represent increases of 57 stocks (24%) and 185 quotes (15%) respectively compared to the previous year.
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