Trading volume and turnover at the TOM and ROM by investors
| TOM [–1, +3] | ROM [–1, +3] | Diff. | TOM [–1, +1] | ROM [–1, +1] | Diff. | |
|---|---|---|---|---|---|---|
| Panel A: Trading volume | ||||||
| Individual | 5,020 | 5,049 | −28.503 (−0.10) | 4,895 | 5,052 | −156.397 (−0.55) |
| Institution | 190 | 199 | −9.07 (−0.67) | 188 | 198 | −10.36 (−0.77) |
| Foreigner | 307 | 304 | 3.55 (0.09) | 315 | 302 | 12.996 (0.32) |
| Panel B: Turnover | ||||||
| Individual | 53.946 | 57.081 | −3.135 (−1.57) | 52.408 | 56.905 | −4.497** (−2.26) |
| Institution | 0.699 | 0.727 | −0.028 (−0.84) | 0.683 | 0.726 | −0.042 (−1.30) |
| Foreigner | 1.396 | 1.458 | −0.062 (−0.53) | 1.392 | 1.452 | −0.060 (−0.50) |
| TOM [–1, +3] | ROM [–1, +3] | Diff. | TOM [–1, +1] | ROM [–1, +1] | Diff. | |
|---|---|---|---|---|---|---|
| Individual | 5,020 | 5,049 | −28.503 (−0.10) | 4,895 | 5,052 | −156.397 (−0.55) |
| Institution | 190 | 199 | −9.07 (−0.67) | 188 | 198 | −10.36 (−0.77) |
| Foreigner | 307 | 304 | 3.55 (0.09) | 315 | 302 | 12.996 (0.32) |
| Individual | 53.946 | 57.081 | −3.135 (−1.57) | 52.408 | 56.905 | −4.497** (−2.26) |
| Institution | 0.699 | 0.727 | −0.028 (−0.84) | 0.683 | 0.726 | −0.042 (−1.30) |
| Foreigner | 1.396 | 1.458 | −0.062 (−0.53) | 1.392 | 1.452 | −0.060 (−0.50) |
Note(s): This table reports the average daily trading volume and turnover at the turn of the month and the rest days, by investors. Trading volume by investors is the sum of their buying and selling volume. Turnover of investors is calculated as the sum of their buying and selling shares scaled by total shares. Trading volume is in billions of wons, and turnover is rescaled by multiplying 1,000. t-statistics are in parentheses. *, ** and *** indicate significance at the 10%, 5% and 1% levels, respectively. The sample period is from 2000 to 2020
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