Tokyo Market Summary: Nikkei Average Continues to Grow, Rollercoaster Market “Be Wary of Downward Corrections”
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●The Nikkei Average ended at 35089.62 yen, 414.16 yen higher than the previous business day
● “Stray legs,” which show bottom prices in Japanese stocks, also appeared after the Great East Japan Earthquake - chart
● Nikkei average fluctuation, 1100 yen super high at 1 time due to Bank of Japan Deputy Governor Uchida's remarks
●Nikkei average, roller coaster market “be wary of downward revisions”
● NTT to acquire treasury stock at the upper limit of 200 billion yen
● Bank stocks such as 3 mega continued to rise, and a sharp drop in stock prices led to a rise in undervaluation - TOPIX boosted
● Daiwa House raised and widened in the backstage, and I like the stock buyback and the increase in full-year earnings forecasts
● Attention to the handle: $Daiwa House Industry (1925.JP)$、 $Mitsubishi UFJ Financial Group (8306.JP)$、 $Mizuho Financial Group (8411.JP)$、 $Nippon Telegraph & Telephone (9432.JP)$、 $Sumitomo Chemical (4005.JP)$etc
ー MooMoo News Japanese stock Sherry
●The Nikkei Average ended at 35089.62 yen, 414.16 yen higher than the previous business day
● “Stray legs,” which show bottom prices in Japanese stocks, also appeared after the Great East Japan Earthquake - chart
● Nikkei average fluctuation, 1100 yen super high at 1 time due to Bank of Japan Deputy Governor Uchida's remarks
●Nikkei average, roller coaster market “be wary of downward revisions”
● NTT to acquire treasury stock at the upper limit of 200 billion yen
● Bank stocks such as 3 mega continued to rise, and a sharp drop in stock prices led to a rise in undervaluation - TOPIX boosted
● Daiwa House raised and widened in the backstage, and I like the stock buyback and the increase in full-year earnings forecasts
● Attention to the handle: $Daiwa House Industry (1925.JP)$、 $Mitsubishi UFJ Financial Group (8306.JP)$、 $Mizuho Financial Group (8411.JP)$、 $Nippon Telegraph & Telephone (9432.JP)$、 $Sumitomo Chemical (4005.JP)$etc
ー MooMoo News Japanese stock Sherry
Market Overview
Today's Nikkei Stock Average ended at 35089.62 yen, 414.16 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2489.21, 55.00 points higher than the previous business day.
Today's Nikkei Stock Average ended at 35089.62 yen, 414.16 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) ended at 2489.21, 55.00 points higher than the previous business day.
Top news
“Stray legs,” which show bottom prices in Japanese stocks, also appeared after the Great East Japan Earthquake - chart
A shape called a “wobble foot” appeared on the Nikkei Stock Average and the Tokyo Stock Price Index (TOPIX) charts. As a rule of thumb, it is said that if it appears in the low range, it is easy to come out when forming an immediate bottom. A wobbly foot refers to a candlestick whose price movements for the day are within the range of the previous day. According to the Nikkei Average, the price range for the 6th (30,077-4911 yen) fell within the price range for the 5th (30,156—5301 yen).
“Stray legs,” which show bottom prices in Japanese stocks, also appeared after the Great East Japan Earthquake - chart
A shape called a “wobble foot” appeared on the Nikkei Stock Average and the Tokyo Stock Price Index (TOPIX) charts. As a rule of thumb, it is said that if it appears in the low range, it is easy to come out when forming an immediate bottom. A wobbly foot refers to a candlestick whose price movements for the day are within the range of the previous day. According to the Nikkei Average, the price range for the 6th (30,077-4911 yen) fell within the price range for the 5th (30,156—5301 yen).
Nikkei average fluctuation, 1100 yen super high at 1 time due to Bank of Japan Deputy Governor Uchida's remarks
There was a scene where the Nikkei Stock Average fell to 936 yen lower than the day before in the morning, then picked up rapidly and rose over 1100 yen. The atmosphere completely changed when Bank of Japan Vice Governor Uchida Shinichi's statement that “interest rates will not be raised in an unstable situation” was conveyed. In the foreign exchange market, the exchange rate of yen depreciated by nearly 3 yen and appreciated by the dollar until the middle of the 1 dollar = 147 yen range, giving impetus to buybacks to Japanese stocks.
RELATED ARTICLES
Uchida, Deputy Governor of the Bank of Japan, will not raise interest rates when the market is unstable
Nikkei average and roller coaster prices “be wary of downward revisions”
The yen fell by more than 1% against the dollar, and the Bank of Japan Deputy Governor says interest rates are not raised in a situation where the market is unstable
There was a scene where the Nikkei Stock Average fell to 936 yen lower than the day before in the morning, then picked up rapidly and rose over 1100 yen. The atmosphere completely changed when Bank of Japan Vice Governor Uchida Shinichi's statement that “interest rates will not be raised in an unstable situation” was conveyed. In the foreign exchange market, the exchange rate of yen depreciated by nearly 3 yen and appreciated by the dollar until the middle of the 1 dollar = 147 yen range, giving impetus to buybacks to Japanese stocks.
RELATED ARTICLES
Uchida, Deputy Governor of the Bank of Japan, will not raise interest rates when the market is unstable
Nikkei average and roller coaster prices “be wary of downward revisions”
The yen fell by more than 1% against the dollar, and the Bank of Japan Deputy Governor says interest rates are not raised in a situation where the market is unstable
Bank stocks such as 3 mega continued to rise, and a sharp drop in stock prices led to a rise in undervaluation - TOPIX boosted
Bank stocks continued to rise. $Mitsubishi UFJ Financial Group (8306.JP)$The stock rose 10.96% at one point to 1462 yen, $Sumitomo Mitsui Financial Group (8316.JP)$The stock rose 11.54% at one point to 8923 yen, $Mizuho Financial Group (8411.JP)$They each rose 10.09% to 2,858 yen at one point. Kawasaki Asaei, senior analyst at Iwai Cosmo Securities, pointed out that “there is a sense of undervaluation in stock prices,” such as MUFG's stock price-net asset ratio (PBR) falling below 1 times due to the recent sharp drop in stock prices and falling to 0.7 times. He stated that expectations for an increase in performance due to the Bank of Japan's additional interest rate hike are positive material.
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Daiwa House's gains and widened in the backstage, and I like the stock buyback and the increase in full-year earnings forecasts
$Daiwa House Industry (1925.JP)$The increase was extended to the rear. At 2:00 p.m. on the 7th, it was announced that stock repurchases of 22 million shares (3.44% of the total number of issued shares excluding treasury stock) and a total acquisition amount of 100 billion yen will be carried out between the 8th and 25/3/31 in line with the consolidated financial results announcement for the first quarter (April-June) of the fiscal year ending 25/3. Earnings forecasts for the full year have also been revised upward, and it seems that purchases that were favorable to business conditions and shareholder return attitudes gathered.
Bank stocks continued to rise. $Mitsubishi UFJ Financial Group (8306.JP)$The stock rose 10.96% at one point to 1462 yen, $Sumitomo Mitsui Financial Group (8316.JP)$The stock rose 11.54% at one point to 8923 yen, $Mizuho Financial Group (8411.JP)$They each rose 10.09% to 2,858 yen at one point. Kawasaki Asaei, senior analyst at Iwai Cosmo Securities, pointed out that “there is a sense of undervaluation in stock prices,” such as MUFG's stock price-net asset ratio (PBR) falling below 1 times due to the recent sharp drop in stock prices and falling to 0.7 times. He stated that expectations for an increase in performance due to the Bank of Japan's additional interest rate hike are positive material.
Featured stocks
Daiwa House's gains and widened in the backstage, and I like the stock buyback and the increase in full-year earnings forecasts
$Daiwa House Industry (1925.JP)$The increase was extended to the rear. At 2:00 p.m. on the 7th, it was announced that stock repurchases of 22 million shares (3.44% of the total number of issued shares excluding treasury stock) and a total acquisition amount of 100 billion yen will be carried out between the 8th and 25/3/31 in line with the consolidated financial results announcement for the first quarter (April-June) of the fiscal year ending 25/3. Earnings forecasts for the full year have also been revised upward, and it seems that purchases that were favorable to business conditions and shareholder return attitudes gathered.
Sumitomo Chemical rapidly grew in the aftermath, updated its year-to-date high price, and announced a partial sale of Rabigh shares and debt abandonment
$Sumitomo Chemical (4005.JP)$grew rapidly in the backstage and hit a new year-to-date high. At 1:00 p.m. on the 7th, it was announced that Sumitomo Chemical will sell part of its shares to Saudi Aramco regarding Petro Rabig, which is a joint venture with Saudi Aramco, Saudi Arabia's state-owned oil company, and that it will relinquish loans against Rabigh. Through the reconstruction of Rabigh, speculation grew that Sumitomo's equity method investment profit and loss would improve, and it seems that purchases gathered.
$Sumitomo Chemical (4005.JP)$grew rapidly in the backstage and hit a new year-to-date high. At 1:00 p.m. on the 7th, it was announced that Sumitomo Chemical will sell part of its shares to Saudi Aramco regarding Petro Rabig, which is a joint venture with Saudi Aramco, Saudi Arabia's state-owned oil company, and that it will relinquish loans against Rabigh. Through the reconstruction of Rabigh, speculation grew that Sumitomo's equity method investment profit and loss would improve, and it seems that purchases gathered.
NTT to acquire treasury stock at the upper limit of 200 billion yen
$Nippon Telegraph & Telephone (9432.JP)$It was announced on the 7th that it will acquire treasury stock up to 200 billion yen. The ratio to the total number of issued shares excluding treasury stock is 1.66%. It will be acquired through a market purchase on the Tokyo Stock Exchange from 8th to 2025/3/31.
RELATED ARTICLES
NTT's net profit for the fiscal year ending April-6 (1Q) was 274.1 billion yen, down 27% from the same period last year
$Nippon Telegraph & Telephone (9432.JP)$It was announced on the 7th that it will acquire treasury stock up to 200 billion yen. The ratio to the total number of issued shares excluding treasury stock is 1.66%. It will be acquired through a market purchase on the Tokyo Stock Exchange from 8th to 2025/3/31.
RELATED ARTICLES
NTT's net profit for the fiscal year ending April-6 (1Q) was 274.1 billion yen, down 27% from the same period last year
Distribution source: MINKABU, Nihon Keizai Shimbun, Bloomberg
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Nobu_0722 : Do you know the 3-day rule?
If the closing price of 3 business days from the day thought to be the bottom does not fall below the closing price on the bottom day, it becomes a temporary support line, so a novel loss cut line is set near that value. Moreover, for the most part, it won't be betrayed.
Yes, it was written in a book called American Stock Price Analysis.