On the 26th, the number of price increases of Nikkei average component stocks at the end of the day was 193 stocks up, 31 stocks down, and 1 stock unchanged.
The Nikkei average rebounded significantly. It ended the morning session at 38,812.94 yen, up 942.68 yen (+2.49%) from the previous day, with an estimated volume of 850 million shares.
On the 25th, the US stock market was mixed. The Dow Jones fell by 293.47 points (-0.70%) to 41,914.75, the Nasdaq rose by 7.69 points (+0.04%) to 18,082.21, and the S&P 500 fell by 10.67 points (-0.19%). The OECD's upward revision of the global economic growth forecast led to buying sentiment, causing an increase after the opening bell. However, profit-taking sales intensified near record highs for the Dow, and August new home sales decreased from July, turning into a significant decline. The Nasdaq was weighed down by rising long-term interest rates, but the semiconductor sector remained strong, providing support and closing slightly higher. The Dow expanded its losses towards the end, ending the day with mixed results.
Based on the depreciation of the yen in the foreign exchange market, the Tokyo market started trading with a buying preference. Semiconductor stocks rose from the open, causing the Nikkei average to break through the 75-day moving average line. With the yen weakening and the dollar rising to the 144.90 yen level, capital flowed towards export-related large-cap stocks, resulting in the Nikkei average expanding its gains by over 900 yen from the previous day.
In the Nikkei average adopted stocks, semiconductor stocks such as Tokyo Electron Ltd. Unsponsored ADR <8035>, Advantest <6857>, Socionext <6526>, Screen HD <7735>, and Sumco <3436> rose in response to the good earnings of Micron in the United States. In addition, Ebara Corporation <6361>, Disco <6146>, Mitsukoshi Isetan Holdings <3099>, Hitachi <6501>, and SoftBank Group <9984> were also bought.
On the other hand, Kokando Pharmaceuticals <4151>, which plummeted yesterday, continued to be sold, as well as Lasertec <6920> showing weakness. In addition, Astellas Pharma <4503>, Nissan Motor Co <7201>, Mitsubishi Motors <7211>, and Hino Motors <7205> declined. Tokai Carbon <5301>, Aozora Bank <8304>, and Sumitomo Metal Mining <5713> were also sold.
While all sectors were rising, other products, metal products, electric appliances, machinery, and precision instruments showed noticeable gains.
The top contributor to the price increase was Tokyo Electron Ltd. Unsponsored ADR <8035>, which pushed the Nikkei average up by approximately 162 yen with one stock. The second place was taken by Fast Retailing Co Ltd. <9983>, followed by Advantest Corporation <6857>, Softbank Group Co <9984>, Shin-etsu Chemical Co Ltd <4063>, Recruit Holdings Co Ltd <6098>, Konami Holdings Corporation <9766>, and others.
On the other hand, the top contributor to the decline was Laser Tech <6920>, which pushed the Nikkei average down by about 3 yen with one issue. Astellas Pharma <4503> took second place, followed by M3 <2413>, Nissan Chemical <4021>, Mercari <4385>, Sumitomo Metal <5713>, Kyowa Kirin <4151>, and others.
*As of 11:30.
Nikkei Average Stock Price 38812.94 (+942.68)
Number of advancing issues 193 (contribution +956.55)
Number of declining stocks 31 (contribution -13.87)
Number of unchanged issues 1
○ Top advancing stocks
Code, Stock Name, Latest Price, Day Change, Contribution
Stock Code 8035, Tokyo Electron Ltd. Unsponsored ADR, 25510, 1660, 162.80
Stock Code 9983, Fast Retailing Co Ltd, 48300, 1200, 117.69
Stock Code 6857, Advantest Corporation, 6885, 338, 88.40
Stock Code 9984, SoftBank Group Co, 8887, 345, 67.67
Stock Code 4063, Shin-Etsu Chemicals, 6059, 166, 27.13
Stock Code 6098, Recruit Holdings Co Ltd, 9399, 229, 22.46
Stock Code 9766, Konami Holdings Corporation, 15000, 655, 21.41
Stock Code 6146, Disco Corporation, 38620, 2700, 17.65
TDK (6762) has a stock price of 9617 JPY, with a market cap of 164 billion JPY and a P/E ratio of 16.08.
Daiichi Sankyo (4568) has a stock price of 4872 JPY, with a market cap of 163 billion JPY and a P/E ratio of 15.99.
Chugai Pharmaceutical (4519) has a stock price of 7153 JPY, with a market cap of 153 billion JPY and a P/E ratio of 15.01.
NTT Data Group (9613) has a stock price of 2618 JPY, with a market cap of 85 billion JPY and a P/E ratio of 13.89.
Nitto Denko (6988) has a stock price of 12525 JPY, with a market cap of 395 billion JPY and a P/E ratio of 12.91.
Terumo Corporation (4543) has a stock price of 2710 JPY, with a market cap of 49 billion JPY and a P/E ratio of 12.81.
Nintendo Co Ltd (7974) has a stock price of 8009 JPY, with a market cap of 381 billion JPY and a P/E ratio of 12.46.
HOYA Corporation (7741) has a stock price of 20305 JPY, with a market cap of 675 billion JPY and a P/E ratio of 11.03.
Sony Group Corp 14100 325 10.62
KDDI Corporation 4810 50 9.81
Daikin Industries, Ltd. Unsponsored Adr 19115 275 8.99
Trend Micro 8925 263 8.60
Top decreasing stocks
Code, Stock Name, Latest Price, Day Change, Contribution
Lasertech 23965 -280 -3.66
Astellas Pharma 1719 -21.5 -3.51
<2413> M3, 1467, -23, -1.80
<4021> nissan chemical, 5218, -25, -0.82
<4385> Mercari, 2597, -23.5, -0.77
<5713> Sumitomo Metal Mining, 4126, -29, -0.47
<4151> Kyowa Kirin, 2680, -14, -0.46
<5301> Tokai Carbon, 936, -10.6, -0.35
<9064> Yamato Holdings, 1657, -10, -0.33
<6506> Yaskawa Electric, 4774, -8, -0.26
<9843> Nitori HD 21610 -15 -0.25
<7201> Nissan Motor Co 405 -5.6 -0.18
<6473> Jtekt Corp 1074 -4 -0.13
<6752> Panasonic HD 1274 -4 -0.13
<9008> Keio Electric Railway 3487 -19 -0.12
<7205> Hino Motors 458 -3.1 -0.10
<9020> East Japan Railway Co 2874 -10 -0.10
<8304> Aozora Bank 2584 -24.5 -0.08
Nippon Telegraph and Telephone West Corporation has a stock price of 2724, down 11, -0.07%.
Mitsubishi Chemical Group has a stock price of 951, down 3.2, -0.05%.