Daily stock trading volume tops ₩11tn in July

South Korea's stock markets saw their daily trading volume reach 11.1 trillion won (US$9.46 billion) on average in July, data showed Sunday, apparently as investors traded shares more frequently amid the prolonged economic uncertainties.

The combined July trading volume of the main bourse and the tech-heavy KOSDAQ marks the highest monthly figure since the 11.3 trillion won posted in April 2011, the data compiled by bourse operator Korea Exchange (KRX) showed.

The benchmark KOSPI, however, shed 2.12 percent from end-June through end-July at 2,074.20 to 2,030.16. The KOSDAQ also shed 2.31 percent from 742.27 to 725.06 over the cited period.

Analysts said July's record came as the market's volatility and economic uncertainties induced shareholders to trade their stakes more frequently.

"Although the amount of trading volume expanded, it does not mean that the market's condition has improved," said Kim Yong-gu, an analyst from Samsung Securities Co.