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Customer Deposits Fall Below 10 Tril. Won for 1st Time in 8 Month

News2007-12-03

Customer deposits at domestic stock brokerage houses fell below the 11 trillion-won mark for the first time in eight months.

The Korea Securities Dealers Association said Monday that customer deposits, a gauge for investor sentiment, totaled 10.8 trillion won as of November 30th, down by nearly 400 billion won from the previous day.

Customer deposits peaked at 15.7 trillion won in July amid surging stock prices. But it retreated below 12 trillion won in mid-November for the first time in six months, before falling further to less than 11 trillion won.

Analysts say individual investors were reducing their stock investment due to increasing uncertainties in the market.

Meanwhile, credit balances stood at nearly 4.4 trillion won Friday, up by 26 billion won from the previous day.

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