KOSPI 8,476.15 closes, individual investor margin loans 37 trillion won, a record high
29KOSPI 8,476.15 closed at 3.55% higher.37The balance of individual investor margin loans totaled 35%, while Kakao shares fell amid labor issues.
29KOSPI 290.86 points (3.55%) higher, closing at 8,476.15. During the session, it topped 8,458, setting a record high. Trading value increased compared with usual.
The index is up 28% since the beginning of the year. The balance of individual investor margin loans was a record 37 trillion won. This means individual investors have increased the amount of stock purchases made with borrowed money.
Gains among stocks with large market capitalizations boosted the index's advance. Simultaneous buying emerged in some sectors. At the same time, small- and mid-cap stocks saw wide fluctuations.
Market participants 6are watching for rotational trading centered on oversold stocks in the month. 6The month is known as a time when position adjustments and shifts in funds among stocks are observed. Differences in trading patterns among investor groups are emerging.
Kakao shares fell amid concerns related to labor issues 35% . Several securities firms lowered their target prices for Kakao. Related news is affecting investor sentiment.
The index 8,500continued trading ahead of a breakout. Trading trends among foreign investors and institutions were mixed. Index volatility and trading trends are being monitored on the next trading day as well.