Securities settlement value peaked in Q2...Q3 daily average falls 16.5% to 35.4 trillion won

[Financial News] Domestic securities settlement value fell by more than 16% in the third quarter of this year compared with the previous quarter. As trading value in the stock market declined, settlement values for both stocks and bonds contracted from the second quarter. However, compared with the same period last year, the figure remained nearly 30% higher.
According to the Korea Securities Depository on the 12th, the daily average securities settlement value in the third quarter of this year stood at 35.4 trillion won. That was down 16.5% from 42.4 trillion won in the previous quarter, but up 29.4% from 27.4 trillion won in the third quarter of last year.
The daily average stock settlement value was 8.8 trillion won, down 12.4% from 10 trillion won in the previous quarter. Compared with 2.3 trillion won in the same period last year, it was up 288.9%. Bond settlement value was 26.6 trillion won, down 17.7% from the previous quarter but up 6.1% year on year.
The daily average settlement value on the on-exchange stock market was 4.1 trillion won, down 6.6% from the previous quarter. Over the same period, daily average trading value fell 34.1%, from 117.2 trillion won to 77.3 trillion won. The netting rate—the trading value less the actual settlement value as a share of trading value—was 94.7%, down 1.6 percentage points from the previous quarter.
The decline in stock settlement value for institutional investors was steeper. In the third quarter, the daily average settlement value for institutional investors' stock transactions was 4.7 trillion won, down 16.9% from the previous quarter. Trading value also fell 26.4%, from 61.7 trillion won to 45.4 trillion won.
The daily average settlement value for institutional investors' bond transactions fell 18.9% from the previous quarter to 23.9 trillion won. By category, bonds fell 11.3% to 12.5 trillion won, while short-term bonds fell 37.8% to 6.5 trillion won. By contrast, certificates of deposit (CDs) and commercial paper (CP) rose 0.1% to 4.8 trillion won.
By bond type, Treasury bonds had the highest settlement value, averaging 6.4 trillion won per day and accounting for 51.0% of the total. Financial bonds accounted for 28.5%, at 3.6 trillion won, and special bonds made up 7.3%, at 900 billion won.
  

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