Hello MOOMOO users! Thank you for your hard work today at the close.Today's summary of the stock market is as follows. Thank you.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price closed at 37,751.88 yen, down 93.54 yen from the previous business day, while the Tokyo Stock Price Index (TOPIX) finished at 2,795.96, up 12.40 points.
On the 19th, the Nikkei dropped for the first time in four days. The closing price was 37,751 yen, down 93 yen. Although selling began due to a decline in US stocks, the opening was only slightly lower and soon turned positive. There were broad-based purchases, quickly expanding the gains by over 200 yen. Just before the midday break, the Bank of Japan announced that it would maintain the current monetary policy. The timing of the announcement was surprising, but as the content was already priced in, buying occurred immediately afterward, lifting the index back above 38,100 yen to end the first half of the session in the high-price range.
On the other hand, the latter half of the session saw a decline in value. It started slightly below the midday break, but once it fell below 38,000 yen, the gains quickly shrank. During the 14 o'clock hour, when it sank into negative territory, it held steady, and thereafter, trading remained range-bound near the previous day's closing price for a while.