In the stock market correction… Securities settlement amount in the third quarter decreased by 17% compared to the previous quarter.

Daily average of 35.4 trillion won, both bonds and stocks decrease... 29% up from the same period last year

Institutional investor payments decreased by 18.6%... Impact of foreign stock sales and interest rate rise

(Seoul = Yonhap News) Reporter Kang Su-ji = The Korea Securities Depository announced on the 12th that the daily average securities settlement amount in the third quarter was 35.4 trillion won.

This is a 16.5% decrease from the 42.4 trillion won in the second quarter, but a 29.4% increase from the same period last year.

Both stock and bond settlement amounts in the third quarter decreased compared to the previous quarter.

Stock settlement amount decreased by 12.4% compared to the previous quarter to a daily average of KRW 8.8 trillion, and bond settlement amount decreased by 17.7% to KRW 26.6 trillion. Compared to the same period last year, stocks increased by 288.9% and bonds increased by 6.1%.

By payment type, the daily average payment amount in the over-the-counter market was KRW 6.8 trillion, a 6.4% decrease from the previous quarter. Among these, the over-the-counter stock market settlement amount decreased by 6.6% to KRW 4.1 trillion, and the over-the-counter bond market settlement amount decreased by 6.2% to KRW 2.7 trillion.

Institutional investor payments averaged 28.6 trillion won per day, down 18.6% from the previous quarter.

Payments made by stock institutional investors amounted to 4.7 trillion won, down 16.9% from the previous quarter. The transaction amount was 45.4 trillion won, a decrease of 26.4% from the previous quarter, and the deduction ratio, which is the ratio of the transaction amount minus the payment amount, decreased by 1.2 percentage points to 89.7%. The decrease in the deduction rate means that the proportion of payment amount in the transaction amount has increased.

The payment amount for bond institutional investors decreased by 18.9% to 23.9 trillion won.

Among settlements made by institutional investors, bond settlement amount averaged 12.5 trillion won per day, down 11.3% from the previous quarter. While certificates of deposit (CD) and commercial paper (CP) payment amounts increased by 0.1% to KRW 4.8 trillion, short-term bond payment amounts decreased by 37.8% to KRW 6.5 trillion.

As for the settlement amount paid by institutional investors by bond type, government bonds accounted for 51.0% of the total, with a daily average of 6.4 trillion won. Financial bonds amounted to 3.6 trillion won (28.5%), special bonds amounted to 900 billion won (7.3%), and monetary stabilization bonds amounted to 900 billion won (6.9%).

The decrease in overall securities settlement amounts this quarter was mainly due to a decrease in settlements by institutional investors. In particular, while stock trading value increased unprecedentedly amid the surge in domestic stock markets such as KOSPI in the first half of this year, foreign trading value decreased in the second half due to the KOSPI adjustment.

However, compared to the same period last year, the increase in stock payment amount was large, so the overall payment amount also maintained an upward trend.