It was found that the domestic stock market moved sideways this month and trading value decreased significantly.
According to the Korea Exchange on the 19th, the average daily trading value of the domestic stock market (KOSPI + KOSDAQ) as of the 18th of this month was 16.19 trillion won, a decrease of about 480 billion won compared to the previous month (16.672 trillion won).
Last month, the average daily trading value of the domestic stock market recorded the lowest monthly transaction value of the year, and this month it is again breaking the lowest record of the year.
The average daily trading volume in January was around 19.4 trillion won, but gradually increased to 22.7 trillion won in March. It then turned to a downward trend, falling to around 19 trillion won in July, 18 trillion won in August, and 16 trillion won in September.
The average daily trading volume in the stock market this month was KRW 9.934 trillion, a decrease of KRW 409 billion from the previous month (KRW 10.343 trillion), and the KOSDAQ market trading volume was KRW 6.256 trillion last month (KRW 6.343 trillion). It decreased by 71 billion won compared to 127 billion won.
It is analyzed that the stock price of Samsung Electronics, which ranks first in market capitalization, fell 3.7% this month due to delays in Nvidia’s quality tests, which dampened the domestic stock market’s rebound and weakened investment sentiment.
KOSPI rose only 0.02% this month, which is believed to be due to net selling of 2.214 trillion won by foreigners in the stock market.
Investor deposits, which can be indicative of the enthusiasm for stock investment, are also decreasing. Investor deposits are the total amount of balance that investors keep in their accounts at securities companies, and are money that is not recovered after putting in the account to buy stocks or selling stocks, so it is considered a representative stock market reserve fund.
According to the Korea Financial Investment Association, as of the 17th, the previous counting date, investor deposits amounted to 52.368 trillion won, a decrease of more than 4 trillion won compared to the end of last month (56.833 trillion won).
Experts believe that the box-office market will continue for the time being.
Yang Hae-jeong, a researcher at DS Investment & Securities, said, “With large stocks such as Samsung Electronics and SK Hynix not moving much, there appears to be a trend of watching the index remain locked up until SK Hynix’s earnings are announced.” He added, “Until SK Hynix’s earnings are announced, the current “The box-based trend will continue,” he said.
Lee Kyung-min, a researcher at Daishin Securities, explained, “With the full-scale earnings season ahead, SK Hynix’s provisional earnings announcement on the 24th and Samsung Electronics’ confirmed earnings announcement and guidance (performance outlook) presentation on the 31st will be important inflection points for KOSPI.”
Some analysts say that downward pressure on the KOSPI will increase due to the slowdown in semiconductor exports.
Kim Seok-hwan, a researcher at Mirae Asset Securities, said, “Overall, there are concerns about peak out (slowing growth after the peak) for Korean semiconductors, and the slowdown in the growth rate of semiconductor exports will continue in the future. Considering this, the prolonged trading range of the domestic stock market is a very hopeful outlook, and rather “There is a possibility that the downside will break through,” he said.
There are also suggestions that uncertainty related to financial investment income tax should be resolved.
A researcher at a large securities firm who requested anonymity said, “On the surface, concerns about the peak out of memory semiconductors, which have a high market capitalization, are weighing on the overall market.” “Until this appears, the transaction amount is bound to plummet,” he said.
Reporter Park Geun-ah [email protected]
