Nikkei Stock Average Declines Further as NTT Turns Negative
(Tokyo, 25th Reuters) – The Nikkei Stock Average continued to decline, reaching a low of around 190 yen at one point during the afternoon trading session. This renewed the earlier low for the day, causing concerns about the deteriorating market sentiment. A domestic securities firm analyst attributed the negative turn to NTT and its impact on the overall mood of the market.
During a party meeting, Koichi Hagiuda, the head of policy for the Liberal Democratic Party, announced that the government would seriously consider selling its NTT shares to secure the financial resources needed for defense spending. This further contributed to the negative market sentiment.
However, some stocks such as Fast Retailing and Tokyo Electron showed a smaller decline compared to the previous session’s closing. The information and telecommunications industry experienced a wider decline, while the mining and pulp and paper industries showed a slower rate of increase. On the other hand, the steel industry demonstrated an increase in its growth rate.
Nikkei Stock Average Rebounds in Morning Session, Minor Moves Due to Market Events
(Tokyo, 25th Reuters) – The Nikkei Stock Average experienced a decline of ¥94.97 from the previous business day, settling at 32,605.97 yen during the morning session at the Tokyo stock market. The market showed minor movements influenced by the anticipation of the Japan-US central bank meeting and corporate earnings results.
The Nikkei initially rose by 14 yen after opening, but quickly turned negative. However, the decline was limited to around 140 yen, leading to small and relatively consistent negative movements. An analyst from a domestic securities firm mentioned the upcoming US Federal Open Market Committee (FOMC) meeting, the Bank of Japan’s monetary policy meeting, and the peak of corporate earnings as factors that investors are closely monitoring.
While growth stocks weighed down the Nikkei Stock Average, value stocks gained traction, resulting in a marginally positive performance for the TOPIX index. Additionally, strong performance in Shanghai and Hong Kong stocks, which began during the first trading session, helped uplift investor sentiment.
Jun Ishigane, the chief strategist at Mitsubishi UFJ Kokusai Asset Management, stated that the Nikkei Stock Average is entering a plateau phase as supply and demand dynamics start to adjust after rising since the beginning of spring. However, Ishigane emphasized that value stocks remain attractive and resilient, while the impact of cost reductions due to falling resource prices is supporting Japanese stocks.
The morning session concluded with TOPIX closing at 2,282.98 points, representing a slight increase of 0.08%. The primary market trading value at the Tokyo Stock Exchange reached 1,596,758 million yen. Out of the 33 industries listed on the exchange, prices rose in 21 industries including mining, petroleum, and coal products, and non-ferrous metals. Conversely, prices fell in 12 industries such as insurance, other products, and air transport. The decline in Tokyo Electron and Fast Retailing shares contributed to the Nikkei Stock Average’s downward movement, while Nidek experienced weakness. On the other hand, Mitsubishi UFJ Financial Group and Mitsui were performing well.
Nikkei Stock Average Slows, Supported by Strong Performance of Chinese Stocks
(Tokyo, 25th Reuters) – The Nikkei Stock Average experienced a slowdown in its decline after falling by around 140 yen at one point. Investor sentiment was buoyed by the strong performance of Shanghai and Hong Kong stocks. A securities strategist highlighted that although no clear selling factors were present, the upside for the Nikkei Stock Average remains heavy due to upcoming events such as the Japan-US central bank meeting.
Semiconductor-related stocks, which have a significant impact on the Nikkei Stock Average, faced weakness, while value stocks demonstrated strength despite the overall weakness in growth stocks. The TOPIX Growth Index declined by 0.25%, while the Value Index increased by 0.35%. The number of rising stocks in the primary market exceeded the number of falling stocks, contributing to the slightly positive performance of TOPIX.
Nikkei Stock Average Opens in Negative Territory amid Weak Stocks
(Tokyo, 25th Reuters) – The Nikkei Stock Average opened slightly higher at 32,705.39 yen, up by 4.45 yen from the previous business day, but quickly turned negative. Stocks with a high contribution to the Nikkei index, such as Fast Retailing and Tokyo Electron, weighed down the index.
Out of the 33 industries listed on the Tokyo Stock Exchange, 20 experienced price increases, led by sectors such as mining, petroleum, coal products, and banks. On the other hand, 13 industries, including other products, air transport, and information/communications, faced price declines. The US stock market experienced its 11th consecutive day of growth in the 30 Dow Industrial stocks, with the value sector showing solid movement.
Pre-Open Board Positions: K’s HLDG Dominates in Buying, Cresco Dominates in Selling
In the pre-open TSE board position, the top stocks with strong buying and selling dominance are as follows:
Buy Dominance
- KSHLDG – 23%
- Nagase & Co., Ltd. – 1.46%
- Nippon Densetsu – 18%
- Sanwa HLDG – 17%
- Vital K – 16%
- bipolar – 15%
- NITTOKU CONSTRUCTION – 15%
- INES – 14%
- JBC HLDG – 12%
- GLDG – 12%
Sell Dominance
- CRESCO – 24%
- Takuma – 15%
- Toa Road Industry – 14%
- Ansource – 8%
- Nihon Kojundo Chemical – 8%
- Zuken – 7%
- DENGY – 3.00%
- Ins hldg – 6%
- meitec – 5%
- Kyuden Electric Power – 4%
Note: The percentages indicate the dominance of buying or selling activity for each stock.
[Tokyo, 25th Reuters]- <13:20> Nikkei Stock Average declines further, NTT’s negative turn to “deteriorating mood” The afternoon Nikkei Stock Average fell to around 190 yen at one point, and the low was renewed in a day. After that, it has been reluctant to decline. An analyst at a domestic securities firm said NTT had turned negative and market sentiment had worsened. Koichi Hagiuda, head of policy for the Liberal Democratic Party, announced at a party meeting that he would seriously consider the pros and cons of selling NTT shares held by the government in order to secure the financial resources needed to increase defense spending. On the other hand, Fast Retailing and Tokyo Electron have reduced the extent of the decline compared to the previous closure. By industry, the rate of decline in the information and telecommunications industry has widened, while the rate of increase in the mining and pulp and paper industries has slowed, while the rate of increase in the steel industry has increased. <11:50> Nikkei Stock Average Rebounds in Morning Session, Minor Moves Due to Central Bank Meetings and Corporate Earnings The Nikkei Stock Average fell ¥94.97 from the previous business day to 32,605.97 yen in the Tokyo stock market in the morning session. The stock market continued to move slightly due to the mood of wanting to see the Japan-US central bank meeting and corporate earnings results. The Nikkei Stock Average rose to 14 yen higher after the open, but sank to negative in a short time. However, the downside range was limited to around 140 yen, and small moves continued in negative territory. A domestic securities analyst said, “We need to see the US Federal Open Market Committee (FOMC) on the 25th and 26th, the Bank of Japan’s monetary policy meeting on the 27th and 28th, and corporate earnings that will peak.” Growth stocks stood out and weighed down the Nikkei Stock Average, while value stocks were sought after and TOPIX was marginally positive. The strong performance of Shanghai and Hong Kong stocks, which started in the middle of the first session, supported investor sentiment. Jun Ishigane, chief strategist at Mitsubishi UFJ Kokusai Asset Management, believes the Nikkei Stock Average is entering a plateau at a time when supply and demand need to adjust after rising from the beginning of spring. However, Ishigane said, “Value stocks are being hunted, and are not weak. Resource prices have fallen compared to a year ago, and the impact of cost reductions is supporting Japanese stocks.” TOPIX closed the morning at 2,282.98 points, up 0.08%. The Tokyo Stock Exchange’s primary market trading value was 1,596,758 million yen. Of the 33 industries on the Tokyo Stock Exchange, prices rose in 21 industries, including mining, petroleum and coal products, and non-ferrous metals, while prices fell in 12 industries, including insurance, other products, and air transport. Declines in Tokyo Electron and Fast Retail weighed on the Nikkei Stock Average. Nidek is weak. On the other hand, Mitsubishi UFJ FG and Mitsui<803 1.T>firmly Daikin Industries was doing well. In the main TSE market, 1,024 issues rose (55%), 729 issues fell (39%), and 82 issues (4%) remained unchanged. <10:40> Nikkei Stock Average slows, supported by strong performance of Chinese stocks Nikkei Stock Average slows. Although it fell around 140 yen at one point, it is currently shrinking the range of the decline. Shanghai stocks and Hong Kong stocks have performed well, supporting investor sentiment. A domestic securities strategist said the Nikkei Stock Average “doesn’t have a clear selling factor, but the upside is heavy ahead of events like the Japan-US central bank meeting.” Weak stocks stand out in semiconductor-related stocks, which have a large contribution and weigh on the Nikkei Stock Average. While growth stocks are weak, value stocks are solid. The TOPIX Growth Index is down 0.25% while the Value Index is up 0.35%. The number of rising stocks in the primary market is greater than the number of falling stocks, and TOPIX is slightly positive. <09:10> Nikkei Stock Average Continues to Rise Slightly and Opens in Negative Areas, Weak Stocks The Nikkei Stock Average on the Tokyo stock market continued to rise slightly to 32,705.39 yen, up 4.45 yen from the previous business day, and then fell into negative territory. Stocks with a high contribution to the Nikkei index, such as Fast Retailing and Tokyo Electron, are weighing down. Of the 33 industries on the Tokyo Stock Exchange, 20 rose in industries such as mining, petroleum and coal products, and banks. Prices fell in 13 industries, including other products, air transport, and information/communications. On the 24th, the 30 Dow Industrial stocks rose for the 11th consecutive day on the US stock market, and the value sector is showing solid movement. <08:21> Pre-open board position, K’s HLDG dominates in buying, Cresco dominates in selling In the pre-open TSE board position, the top stocks with strong buying and selling are as follows. Buy Dominance Stock Name Variation MEDIUM Buy Sell Close Price Dividend Dividend 1 KSHLDG 23% 1,589 1,58 1,58 1,28 9 9 9 2 Nagase & Co., Ltd. ,46 4,46 3,76 0 0 0 4 Nippon Densetsu 18% 2,561 2,56 2,56 2,16 1 1 9 5 Sanwa HLDG 17% 2,200 2,20 2,20 1,88 0 0 Vital K 6 6 <31 16% 1,117 1,11 1,11 967 51.T> 7 7 7 bipolar 15% 3,888 3,88 3,88 3,38 8 8 8 5 8 NITTOKU CONSTRUCTION 15% 1,245 1,24 1,24 1,08 5 5 6 9 INES 14% 1,699 1,69 1,69 1,69 1,88 2,80 2,80 2 1 JBC HLDG 12 GLDG 12 Demand Average Selling Selling Dividend Closing Rate 1 CRESCO -24% 1,561 1,56 1,56 2,06 1 1 1 2 Takuma -15% 1,291 1,29 1, 29 1,51 0 1 2 3 Toa Road Industry -14% 4,163 3, 16 4,8 4 9 0 5 0 5 Ansource -8% 1,133 1,13 1,13 1,23 2 3 1 6 Nihon Kojundo Chemical -8% 2,401 2,40 2,40 2,60 0 1 0 7 Zuken -7% 3,720 3,73 3,73 3,73 DENGY 3,00 0 0 0 0 0 0 0 0. Ins hldg -6% 3,40 3 3,40 3,40 3,61 0 5 5 10 meitec -5% 2,345 2,34 2,34 2,47 5 6 5 (
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