[Special Stock] KakaoBank Surges for 2 Consecutive Days on MSCI Early Inclusion Boost...

[Asia Economy Reporter Minji Lee] KakaoBank continues its strong performance on the second day after its listing. The early inclusion decision by Morgan Stanley Capital International (MSCI) is analyzed to have had a positive impact on the stock price.

As of 9:41 AM on the 9th, the stock was trading at 80,500 KRW, up 15.2% compared to the previous trading day. KakaoBank's market capitalization grew to 38.2456 trillion KRW amid the upward trend. Its market cap ranking also rose to 10th place, surpassing Celltrion (36.7548 trillion KRW).

On the 6th, MSCI decided to include KakaoBank in its Emerging Markets index. Inclusion in MSCI is considered a positive factor as it significantly improves supply and demand. Dongyoung Kim, a researcher at Samsung Securities, explained, “The MSCI inclusion event for KakaoBank was a natural step, but the free float ratio was included at a lower-than-expected 11%. KakaoBank's weight within the EM index is 0.04%, and the resulting supply and demand impact is calculated to be around 200 billion KRW.” KakaoBank's inclusion will take effect after the market closes on the 20th.

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