Funds for stock investments using brokerage credit lines have risen for nine trading days in a row. In the main board, the balance of margin loans declined, but more than 100 billion won flowed into the KOSDAQ market.
According to the Korea Financial Investment Association on the 1st, as of the 28th of last month, the balance of margin loans rose 8.957 billion won from the previous trading day to 33.337971 trillion won. This marked nine consecutive trading days of increases since the 18th of last month.
Margin loans are an investment method in which investors borrow funds from brokerages to buy stocks. The margin loan balance is the total amount of outstanding loans and is used as a key indicator of "bittoo," or investing with borrowed money.
In the main board, the margin loan balance fell 92.751 billion won from the previous trading day to 26.386089 trillion won, while the KOSDAQ market's balance jumped 101.708 billion won to 6.951882 trillion won.
Investors' deposits waiting to enter the stock market also neared the 100 trillion won mark. On the 28th of last month, investor deposits increased by 3.104751 trillion won in a single day to 99.813822 trillion won. Investor deposits refer to funds that investors have placed in accounts to acquire stocks or have not withdrawn after completing sales.
Unpaid receivables from consignment trades—when stocks are bought on credit and not repaid by the settlement deadline—declined to 930.310 billion won, falling below 1 trillion won. The scale of forced sales by brokerages due to such receivables also decreased, from 24.871 billion won on the previous trading day to 4.797 billion won.