Photo Source = PixabayInvestor deposits, which were continuing the largest march in history, evaporated about 8 trillion won in just a month. It is interpreted that Donghak ants, who felt anxious as the financial authorities announced a policy to resume partial short selling from May, are closing their wallets.
According to the Financial Investment Association on the 7th, the investor’s deposit, which is the stock market standby fund, as of the 4th, recorded 66.71 trillion won. It increased by 707.8 billion won from the previous day, but compared to the record high on the 12th of last month (74,455.9 billion won), it plunged by about 8.448.8 billion won. In 17 trading days, more than 8 trillion won disappeared.
Investor deposits are money that investors leave with a brokerage company to buy stocks or sell stocks and not look for. As it can be put into the stock market at any time, it has a character of waiting money.
With the KOSPI settling at the 3,000 line this year, the investor’s deposit amounted to 68 trillion won to 70 trillion won this year, showing an unprecedented level due to the successive participation of Donghak ants. In particular, on the 11th of last month, it reached 72 trillion 321.2 billion won, exceeding 70 trillion won for the first time in history.
However, in recent years, it has turned to a decline. Part of the decline is expected to be used to buy stocks, but it is estimated that many investors are recovering funds as the uptrend of the stock market weakens. In fact, even compared to 68,287.3 billion won on the 4th of last month, the first trading day of this year, the deposit decreased by more than 2 trillion won.
In addition, the financial authorities’ announcement that they will temporarily resume short selling from May is also dampening investor sentiment. Earlier, the Financial Services Commission announced that it would resume short selling for the KOSPI 200 and KOSDAQ 150 constituents from May 3rd.
Experts believe that it is important that more personal funds flow into the stock market for the mid to long-term rise of the KOSPI. It is an analysis that it will be possible to predict future market trends through the increase or decrease of investor deposits.
Lee Jae-seon, a researcher at Hana Financial Investment, said, “It is necessary to consider the possibility that the intensity of individual purchases will be maintained in February.” It is highly likely that some of the demands on demand came into play before the government’s credit loan regulations were tightened,” he said.
He explained that it is important to maintain the strength of individual purchases, which was the subject of the bull market in January, or to improve the supply and demand of foreigners, which determined the direction of the index for the trend to rise.
Researcher Lee Jae-seon said, “Individuals’ interest in the stock market and the large-cap-oriented trading phenomena that have continued since last year are the drivers of strengthening the downward rigidity of the market. This is bound to be big,” he said.
Meanwhile, as investor deposits are decreasing, transaction value is also on the decline. As of the 5th, the transaction value of the KOSPI market was 19,789.8 billion won. The transaction value, which had steadily maintained the 20 trillion won range this year, fell below 20 trillion won for the first time this month.
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