Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

The Nikkei average, which hit an all-time high, reached 42,000 yen in summer and is 45,000 yen by the end of the year!? Analysts' forecasts have been raised one after another

avatar
moomooニュース日本株 wrote a column · Feb 22 00:35
What is the closing price of the Nikkei Stock Average on the 22nd39,098 yen 68 senatThe first time in history in the 39,000 yen rangeIt has reached,It exceeded the record high of 38,915 yen 87 yen on 1989/12/29. The highest value during transaction hours was 39,156 yen 97 yen, which also exceeded 38,957 yen 44 yen recorded 34 years ago.
In response to an unexpected rapid rise in stock prices, securities analysts have also reviewed stock price forecasts, and the predicted stock prices for 24 (or 24), which had been announced in 23, have been raised one after another.
▲Forecast of the 2024 Nikkei Stock Average by securities companies (Nihon Keizai Shimbun, Bloomberg)
▲Forecast of the 2024 Nikkei Stock Average by securities companies (Nihon Keizai Shimbun, Bloomberg)
The highest expected stock price for the end of 24 after the change is 45,000 yen
The highest stock price after the change is expected to reach 45,000 yen (high price forecast) for Citigroup Securities. The expected stock price of Nomura Securities for the end of fiscal year 24 is 40,500 yen, but the highest price within fiscal year 24 is expected to be 43,500 yen.
Strategist Sakagami Ryota of Citigroup Securities said in a report on the 15thCapital flows from overseas to Japanese stocks are also strong, such as the shift from deflation to inflation, expectations for improvements in corporate governance, and shifts from Chinese stocks, etc., and there is a possibility that valuation will expandAs “based on the current environment surrounding Japanese stocks, it is appropriate to maintain a bullish stance and raise annual high price estimates” (Bloomberg, 15th).
Analysts also saw an unexpected sharp rise
According to analyst forecasts for 23 years as reported by the Nihon Keizai Shimbun and Bloomberg, the Nikkei Stock Average for 24 was estimated to be 39,000 yen at the highest. Compared to the closing price on 23/12/29 (33,464 yen 17 sen), it is a 16.8% increase.
Although every securities company anticipated that the Nikkei Stock Average in '24 would rise compared to '23,The actual Nikkei Stock Average rose at a pace that exceeded analysts' expectationsIt looks like it did.
In particular, the growth rate has accelerated on the 10th business day from the 8th to the 22nd of this month, and compared to the 7-day closing price (35,854 yen 63 sen), the price has risen 9%, or more, of 3200 yen or more.
The Nikkei average, which hit an all-time high, reached 42,000 yen in summer and is 45,000 yen by the end of the year!? Analysts' forecasts have been raised one...
Domestic and international AI and semiconductor-related brands catch fire
The reason why stock prices rose at a pace higher than analysts' expectations seems to be a combination of factors, such as the fact that domestic companies announced good financial results one after another in the middle of this month, the depreciation of the yen continues due to the outlook for interest rate policies between Japan and the US, etc., and fund shifts from the sluggish Chinese stock market.
Above all, it can be said that domestic and international AI/semiconductor-related tech brands ignited the rise in stock prices. The weight is high when calculating the Nikkei Stock Average $SoftBank Group(9984.JP)$Is English under the umbrella $Arm Holdings(ARM.US)$It showed a bullish full-year outlook with the announcement of financial results for the 3rd quarter on the 7th, and the rise in stock prices was well received, inviting buyers from investors, and boosted the Nikkei Average.
Rice announced on the morning of the same day today 22nd $NVIDIA(NVDA.US)$The fact that financial results for the fourth quarter of '24 (23/11-24/1) exceeded market expectations had a major impact on boosting stock prices.
ー MooMoo News Mark
Source: Bloomberg, Nihon Keizai Shimbun, Moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
42
4
1
+0
16
See Original
Report
163K Views
Comment
Sign in to post a comment

View more comments...

avatar
moomoo News Official Account
16KFollowers
4Following
138KVisitors
Follow