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東証グロース市場250指数先物概況:3日ぶり反発も上値重く

Summary of TOPIX Growth Market 250 Index Futures: Rebounding for the first time in 3 days, but facing heavy resistance on the upside.

Fisco Japan ·  Oct 15, 2024 15:10

On October 15, the TOPIX Growth Market 250 Index Futures closed at 623 points, up 2 points from the previous trading day. The high was 630 points, the low was 621 points, and the intraday trading volume was 3064 contracts. Selling pressure following expectations of a slight interest rate cut and buying interest driven by expectations of demand recovery supported by additional fiscal policies from the Chinese government collided, resulting in mixed trading after the opening. Subsequently, expectations for earnings reports from major companies provided support, leading to an upward trend in the market. Furthermore, the rise of semiconductor company NVIDIA (NVDA) lifted the NASDAQ, expanding gains towards the end of the session. The Dow continued to set new all-time highs consecutively. The TOPIX Growth Market 250 Index Futures for today started at 629 points, up 8 points from the previous trading day, following a strong morning influenced by the rise in US stocks. However, growth slowed after initial buying, maintaining a mild upward trend for this month. As the market has gradually declined recently, breaking clearly below the 75-day moving average, the market remained top-heavy, with some signs of profit-taking observed due to decreased correlation with the Nikkei Stock Average. With the upcoming release of the October New York Fed Manufacturing Index report in the US tonight, buying interest did not increase, resulting in a rebound after 3 days, but closing trading at 623 points, reaching a low range. Leading stocks in the TOPIX Growth Market such as Trial <141A> and Integral <5842> saw gains.

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