[Tokyo 7fed Reuters]- The Nikkei Stock Average fell ¥593.04 from the previous business day to 31,913.74 yen on the Tokyo stock market. Five days have passed since he fell. Profit taking due to warning against high prices and buying based on expectations of future high prices mixed and moved up and down significantly, and the intraday price range was 794 yen, the largest this year.
The Nikkei Stock Average started with a 112-yen appreciation, and temporarily rose 201 yen to 32,708.53 yen, reaching a post-bubble high of 32,708.53. However, after that, the rate of increase gradually decreased, and around 10:00 am, it turned negative. It has risen over 1,600 yen in four consecutive surges up to the previous day, renewing the post-bubble high price, and profit-taking sales have become dominant due to overheating. Stocks with a large index contribution led the decline, pushing the index down.
With the big SQ (special liquidation index calculation) before the weekend, speculation seems to be mixed, and it was said that “the movement is focused on supply and demand, not fundamentals” (Mito Securities Fund Chief Manager Hajime Sakai) . When the price fell below 32,000 yen, a psychological milestone, there was some bargain buying, but the downward pressure intensified towards the end, and the price closed at a low price.
TOPIX closed at 2206.3 points, down 1.34%. The prime market index of the Tokyo Stock Exchange was 1135.36 points, down 1.34% from the previous business day. The trading value of the main market was 4.6521 trillion yen, and the business expanded. Of the 33 industries on the Tokyo Stock Exchange, prices fell in 32 industries, including machinery, electrical equipment, and pharmaceuticals, and rose in one industry, rubber products.
Fast Retailing turned negative after hitting new year highs. Tokyo Electron, Advantest, and Daikin Industries were also weak, and these four stocks pushed the index down about 250 yen. On the other hand, Olympus is solid. Suzuki has set a new high price since the beginning of the year.
In the Tokyo Stock Exchange primary market, 504 issues rose (27%), 1,268 issues fell (69%), and 62 issues (3%) remained unchanged.
Final Price Change from previous day Open Low/High
Nikkei Average 31913.74 -593.04 32618.78 31,913.74─3
2,708.53
ＴＯＰＩＥ 2206.30 -29.98 2245.48 2,204.51─2,
250.20
Main Index 1135.36 -15.45 1155.06 1,135.36─1,
157.79
Standard Index 1080.43 -3.67 1086.74 1,079.03─1,
088.84
Growth index 1000.39 +4.08 1000.93 983.61─1,01
0.28
TSE trading volume (10,000 shares) 168794 TSE trading value (100 million yen 46521.00)
