The five major banks’ demand deposits decreased by 10 trillion last month.
Individual stock net purchase of 27 trillion… Commercial bank gold bar sales’doubled’ over a month
Upbit’s trading value exceeded 6 trillion… Bithumb customer deposit increased by 200%
A large-scale “money move” (money movement) continues to pursue profits to avoid “thunderbolts” under ultra-low interest rates.
Deposits, which can be taken out at any time, decreased by close to 10 trillion won in January, and stock market deposits increased by 4 to 6 trillion won per month, exceeding 70 trillion won at one time in January.
Meanwhile, individual investors bought more than 27 trillion won in the stock market.
Deposits of investors tied to cryptocurrency exchanges surged 200% last year, and Gold Bar, which had been less interested for a while, sold more than 9 billion won at commercial banks in January, doubling the transaction amount within a month.
Experts urged careful investment because there is high uncertainty about the formation of population immunity following vaccination against the novel coronavirus infection (Corona 19).
◇ Deposit 10 trillion won’ebb’… Stock market deposits and virtual currency deposits’tide water’
According to the banknote on the 7th, the demand deposits (including MMDA) of the five major banks, including KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup, at the end of January were 637.855.5 billion won, a decrease of 9.98 trillion won a month.
Demand deposits are deposits that depositors can find and use at any time, such as occasional deposit and withdrawal deposits and frequent deposit and withdrawal-type savings deposits (MMDA), and have a strong character of’waiting funds’.
It is estimated that the 10 trillion won that escaped like a low tide became a high tide and went into various investment destinations.
According to the Financial Investment Association, the stock market investor’s deposits (excluding deposits for exchange-traded derivatives transactions) averaged 68 trillion 9528 billion won in January, up 10.8% (6.7 trillion won) from the end of last year.
Investor deposits also exceeded 70 trillion won on January 11-13.
Individual investors who recently launched an anti-short selling move net bought 27.91 trillion won worth of stocks in the entire stock market including the securities market in January.
Park Sang-hyun, a researcher at Hi Investment & Securities, said, “Recently, individuals’ stock purchases have exceeded 20 trillion won, and they are buying a lot of stocks not only domestically but also overseas. The psychology worked,” he explained.
He added, “In the second half of last year and at the end of the year, the stock price rose sharply, and the investment sentiment itself for various assets was raised, and accordingly, money is moving to various assets.”
Investors’ interest in gold also increased.
Excluding Shinhan Bank, the sales of gold bars in January of the four major banks are 90.4 billion won.
The absolute amount is nothing compared to investing in stocks, but it is a 103.1% increase from a month ago.
An official at a commercial bank PB (Private Banker) Center said, “The gold price has risen for a while and then declined again due to the recent development of the Corona 19 vaccine,” he said.
In preparation for the decline in the value of money, he will buy gold as a real asset in small increments.”
The trend of cryptocurrency investment, which can be said to be the most risky, is also not serious.
According to CoinMarketCap, a cryptocurrency information website, the 24-hour transaction value on the domestic exchange Upbit surpassed 12 trillion won in December 2017, and then slipped for a while due to the market stagnation, but increased sharply from last year.
The trading value of Upbit increased to KRW 1.7 trillion as of 10 a.m. on the 24th of the same month, which was only KRW 628.3 billion for 24 hours as of 8 a.m. on November 10 last year. It surged to 34.5 trillion won.
This momentum continued until this year, and at noon on the 2nd of this month, the 24-hour transaction amount recorded 620 trillion won.
Another exchange, Bithumb, also poured in customer money.
As of the end of 2020, customer deposits at Bithumb have increased by more than 200% from a year ago.
In January this year, it increased by 36% from the end of last year.
◇ Unprecedented money move… Corona 19 Remaining’Burns’ Be Careful
This large-scale investment movement can be understood as a phenomenon of trying to obtain even the least amount of returns under low interest rates.
The expectation that the economy could improve with the Corona 19 vaccination also seems to have worked.
Hwang Se-woon, a research fellow at the Capital Markets Research Institute, said, “If you put money in a bank, you’re investing in an asset that can protect against inflation at least in a situation where the interest rate is less than 1%. Gold is a representative’inflation hedge’ asset. “The risk-minded investor is investing in stocks and cryptocurrencies,” he said.
Experts explain that the phenomenon of large movement of money stands out most when compared to the past.
Researcher Park said, “Even if it was a low interest rate in the past, there was a feeling that the situation was not the worst because we did not know what the funds would be due to Corona 19, and now there is a feeling that the situation of Corona 19 is not the worst. said.
He said, “The asymmetry of information between investors through the Internet and YouTube has been substantially resolved, triggering investment by individual investors,” he said. “This trend itself will continue, and if low interest rates continue, direct investment will increase further.” .
Research Fellow Hwang said, “Because it is a record low interest rate, the money move phenomenon is much stronger than before.” At the time of the 2008 financial crisis, even after large-scale funding was released, the standard interest rate was 2.5%. It was down to 0.5%.”
As the benchmark interest rate is expected to remain at the current level for some time, there is a forecast that the investment fever will continue to be hot for a while.
However, experts urge you to pay attention to the investment, as uncertainties from Corona 19 still remain.
Researcher Hwang said, “This year, the formation of an immune system by vaccination is the most important. However, the vaccine may be useless in situations where mutant viruses are constantly appearing, and this is the worst case scenario.” You may have to start over from the beginning.”
/yunhap news