First-Quarter Stock Boom: Average Daily Stock Settlement Value Triples

Buoyed by a booming stock market in the first quarter of this year, the average daily settlement value in the domestic stock market reached about 6.5 trillion won. This is more than three times higher than a year earlier.
According to the Korea Securities Depository (KSD) on the 13th, the average daily securities settlement value handled through the depository in the first quarter came to 35.844 trillion won. This represents a 31.6% increase from the same period last year (27.228 trillion won). It was also up 15.3% from the previous quarter (31.1 trillion won).
Stock settlement value totaled 6.478 trillion won, up 77.9% from the previous year’s fourth quarter (3.642 trillion won) and 246.2% higher than a year earlier (1.871 trillion won). Bond settlement value came to 29.366 trillion won, an increase of 7% from the previous quarter (27.45 trillion won) and 15.8% from the same period last year (25.357 trillion won).
During the same period, the average daily settlement value in the on-exchange stock market was 2.861 trillion won, up 78.2% from the previous quarter (1.605 trillion won). Trading value reached 83.798 trillion won, an 85.2% increase from the previous quarter (45.256 trillion won), while the netting ratio was 96.6%, up 0.1 percentage point from 96.5% in the previous quarter. In the on-exchange bond market, the average daily settlement value was 2.92 trillion won, down 0.1% from the previous quarter (2.923 trillion won). Trading value fell 19% to 9.268 trillion won from 11.44 trillion won in the previous quarter, and the netting ratio dropped 5.9 percentage points to 68.5% from 74.4%.