Net buying volume and Net turnover at the TOM and ROM by investors
| TOM [–1, +3] | ROM [–1, +3] | Diff. | TOM [–1, +1] | ROM [–1, +1] | Diff. | |
|---|---|---|---|---|---|---|
| Panel A: Net buying volume | ||||||
| Individual | 0.554*** (2.74) | 0.832*** (5.23) | −0.278 (−1.08) | 0.188 (0.77) | 0.841*** (5.68) | −0.653** (−2.28) |
| Institution | −0.471*** (−3.45) | −0.450*** (−3.76) | −0.021 (−0.12) | −0.293* (−1.90) | −0.472*** (−4.22) | 0.179 (0.63) |
| Foreigner | 0.382*** (3.22) | 0.146* (1.73) | 0.236 (1.62) | 0.521*** (3.19) | 0.159** (1.99) | 0.362** (1.99) |
| Panel B: Net turnover | ||||||
| Individual | 0.101*** (9.85) | 0.133*** (17.07) | −0.037** (−2.54) | 0.080*** (6.80) | 0.132*** (17.20) | −0.052*** (−3.68) |
| Institution | −0.045*** (−7.94) | −0.050*** (−11.48) | 0.005 (0.69) | −0.034*** (−4.93) | −0.050*** (−11.81) | 0.017** (2.10) |
| Foreigner | −0.014** (−2.07) | −0.027*** (−5.47) | 0.014* (1.65) | −0.007 (−0.87) | −0.026*** (−5.34) | 0.019** (1.96) |
| TOM [–1, +3] | ROM [–1, +3] | Diff. | TOM [–1, +1] | ROM [–1, +1] | Diff. | |
|---|---|---|---|---|---|---|
| Individual | 0.554*** (2.74) | 0.832*** (5.23) | −0.278 (−1.08) | 0.188 (0.77) | 0.841*** (5.68) | −0.653** (−2.28) |
| Institution | −0.471*** (−3.45) | −0.450*** (−3.76) | −0.021 (−0.12) | −0.293* (−1.90) | −0.472*** (−4.22) | 0.179 (0.63) |
| Foreigner | 0.382*** (3.22) | 0.146* (1.73) | 0.236 (1.62) | 0.521*** (3.19) | 0.159** (1.99) | 0.362** (1.99) |
| Individual | 0.101*** (9.85) | 0.133*** (17.07) | −0.037** (−2.54) | 0.080*** (6.80) | 0.132*** (17.20) | −0.052*** (−3.68) |
| Institution | −0.045*** (−7.94) | −0.050*** (−11.48) | 0.005 (0.69) | −0.034*** (−4.93) | −0.050*** (−11.81) | 0.017** (2.10) |
| Foreigner | −0.014** (−2.07) | −0.027*** (−5.47) | 0.014* (1.65) | −0.007 (−0.87) | −0.026*** (−5.34) | 0.019** (1.96) |
Note(s): This table reports the average daily net buying volume and net turnover at the turn of the month and the rest days, by investors. The net buying volume of the investor is the difference between buying and selling volume of the investor in millions of wons. Net turnover is calculated as the difference of buying and selling shares scaled by total shares and 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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