Pharmaceutical stocks pass 1st place in battle to renew high prices after the crash - rapid acceleration with 3 engines
2024/8/26 12:39 JST (some excerpts)
Since July, it has risen 7.7% and is the top of the 33 industries, and Sumitomo Fama and Otsuka HLD are doing well
Evaluations increase on the 3 points of defensive nature, alternative growth stocks, and strong performance
Pharmaceutical stocks are doing well in the Japanese stock market. Even after the overall market price crashed in early August, it returned smoothly, and it was the first to hit an all-time high among the 33 industries on the Tokyo Stock Exchange.
The pharmaceutical index recorded the highest value since 1983, which can be traced back to Bloomberg data by trading on the 22nd, and continued to grow on the 23rd. The performance for the first half of this year (January-June) was 12% higher, 18th out of 33 industries, and was below 19% of the Tokyo Stock Price Index (TOPIX), but after July it rose 10% (as of the 23rd) to the top. TOPIX is still nearly 10% below its July high, and the rebound in pharmaceutical stocks reflects changes in investor sentiment.
Since July, it has risen 7.7% and is the top of the 33 industries, and Sumitomo Fama and Otsuka HLD are doing well
Evaluations increase on the 3 points of defensive nature, alternative growth stocks, and strong performance
Pharmaceutical stocks are doing well in the Japanese stock market. Even after the overall market price crashed in early August, it returned smoothly, and it was the first to hit an all-time high among the 33 industries on the Tokyo Stock Exchange.
The pharmaceutical index recorded the highest value since 1983, which can be traced back to Bloomberg data by trading on the 22nd, and continued to grow on the 23rd. The performance for the first half of this year (January-June) was 12% higher, 18th out of 33 industries, and was below 19% of the Tokyo Stock Price Index (TOPIX), but after July it rose 10% (as of the 23rd) to the top. TOPIX is still nearly 10% below its July high, and the rebound in pharmaceutical stocks reflects changes in investor sentiment.
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