In the third quarter of this year, the average daily securities settlement amount decreased by 16.5% compared to the previous quarter, influenced by declines in both stock and bond settlement amounts. However, it showed a 29.4% increase compared to the same period last year.
According to the Korea Securities Depository on October 12, the average daily securities settlement amount through the depository for the third quarter was 35.4 trillion won, down from 42.4 trillion won in the previous quarter, but up from 27.4 trillion won in the third quarter of last year.
The average daily stock settlement amount was 8.8 trillion won, a decrease of 12.4% from the previous quarter, but an increase of 288.9% compared to the same period last year. The average daily bond settlement amount was 26.6 trillion won, down 17.7% from the previous quarter, but up 6.1% year-on-year.
The decline in the settlement amount in the on-exchange stock market was significantly lower than the decrease in trading volume. The average daily trading volume in the on-exchange stock market for the third quarter was 77.3 trillion won, a 34.1% decrease from the previous quarter. In contrast, the settlement amount was 4.1 trillion won, down 6.6%. The net settlement rate was 94.7%, a decrease of 1.6 percentage points from the previous quarter.
The average daily bond market settlement amount was 2.7 trillion won, down 6.2% from the previous quarter, while the trading volume was 8.2 trillion won, a 9.1% decrease, with a net settlement rate of 66.5%, down 1.0 percentage point.
There was also a decline in settlements among institutional investors. The average daily stock settlement amount for institutional investors was 4.7 trillion won, down 16.9% from the previous quarter, while the bond settlement amount for institutional investors was 23.9 trillion won, down 18.9%.
Among the bond settlement amounts for institutional investors, the average daily settlement amount for short-term bonds was 6.5 trillion won, marking the largest decrease at 37.8% from the previous quarter, although it was up 26.0% compared to the same period last year. The total bond settlement amount was 12.5 trillion won, down 11.3% from the previous quarter, while the settlement amounts for certificates of deposit (CD) and commercial paper (CP) remained stable at 4.8 trillion won.
Looking at the types of bonds, government bonds had the highest average daily settlement amount at 6.4 trillion won, accounting for 51.0% of the total bond settlement amount among institutional investors. Financial bonds accounted for 28.5% with 3.6 trillion won, while special bonds and monetary stabilization bonds were recorded at 910 billion won and 860 billion won, respectively.
* This article has been translated by AI.
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