Interest in stocks at low ebb for fourth month

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Interest in stocks at low ebb for fourth month

Korea’s monthly stock trading volume has remained below the 100 trillion won ($88.6 billion) mark for four straight months this year as global uncertainties arising from the debt-ridden euro zone are sapping investors’ appetites, data showed yesterday.

The monthly trading turnover of stocks listed on the main bourse stood at 90.5 trillion won as of the end of July, according to the data by the Korea Exchange and the Korea Financial Investment Association.

Trading turnover figures had stood above the 100 trillion level since March 2010, before they slid below this threshold from April 2012 and fell to a low of 81 trillion won in June.

In the last three months, the Kospi has been moving up and down between 1,760 and 1,990.

The corresponding figure for the secondary Kosdaq dipped below 40 trillion won during the four months, the first time it has done so since June 2011, the data showed.

Market watchers said the slump in the stock market came as investors shun increasing risky bets largely due to a continuing range-bound trend.

Investors became more active with equity purchases when the stock market demonstrated a clear course, they said.

When the euro zone turmoil surfaced in August last year, prompting the Kospi to plummet, monthly trading turnover rose to 143.8 trillion won.

Meanwhile, the turnover of margin lending, or the amount of money investors borrow from brokerages to buy stocks, reached a yearly-low of 3.81 trillion won as of Friday, according to the investment association.

Yonhap

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