"Market Makers" ReturningIt now appears the 'market makers' are finally returning to the Korean stock market. Market makers are individual investors who on average buy or sell more than 5,000 shares at a time. They left the stock market en masse one year ago after the IMF bailout.
The Korea Stock Exchange announced on November 8 that transactions of over 5,000 share blocks increased on average 20.6%. These rates have long been under 20% with 17.8% in July, 17.8% in August, 17.7% in September, and 19.2% in October. However, the big investors are thought to have returned to the market, which recorded large transaction block rates of 23.06% in November 3, 20.05% in November 4, and 21.17% in November 5.
Stock market analysts feel that these individual market makers judged that the market was growing better because of beneficial external factors including the strong yen and additional interest rate cuts in the U.S. A source at a securities company said, 'The market leaders' activities are very positive in many branches of securities companies.'
More in Economy
Monster supplementary budget passed
Online shoppers flock to food deliveries, home decor
All eyes on Eunma apartments as regulations in flux
Geta on other foot, olive branch extended to Japan
Deflation bullet dodged by rounding up to 0