The balance of shares bought on credit turned higher last week, with investors reacting positively to the explosive stock market rally the previous week.

The outstanding balance of long margin positions on the Tokyo, Osaka and Nagoya stock exchanges stood at 1.7 trillion yen at the end of the week, up 100.25 billion yen over the previous holiday-shortened week, according to a weekly industry report.

Following the lead of foreign investors, individual investors flocked in search of potential gains.

In terms of volume, the balance of long margin positions rose for the 10th consecutive week, reaching 2.89 billion shares, up 83.14 million.

Interest spread to shipbuilding, steel and other low- and medium-priced shares.

The balance of shares sold short rose 43.77 million yen to 872.55 billion yen in value but fell 21.61 million shares to 966.29 million in volume.

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