I would like to pay attention to the following 3 points in the 5-day advance transaction.

■The return high price of 39884.01 yen is within firing range

■Kumiai, 24/10 upward revised operating profit 11.5 billion yen ← 10 billion yen

■Notable materials from the front: Mitsubishi Gas Chemical invests 10 billion yen in digital technology, builds AI demand forecasting system

■The return high price of 39884.01 yen is within firing range

The Japanese stock market on the 5th is likely to have such a strong sense of market development after the first round of buying, but it seems that people will be aware of the strong motivation to push ahead. The NY Dow rose by 308 dollars and the NASDAQ was 254 points higher in the US market on the 4th. Although ADP employment statistics for November fell short of expectations, steady employment growth was confirmed, and growth was temporarily sluggish due to the sluggish ISM non-manufacturing business climate index in November, but interest rate cut observations at the US Federal Open Market Committee (FOMC) increased.

Towards the end of the stage, Chairman Powell of the US Federal Reserve (Fed) was interviewed, and in addition to showing an optimistic opinion on the economy, continued expansion of economic activity was confirmed in the Regional Federal Reserve Economic Report (Beige Book), so the increase in the exchange rate widened. The Chicago Nikkei 225 futures settlement price is 39625 yen, which is 355 yen higher than Osaka. The yen exchange rate is hovering in the 150 yen 50 yen range per dollar.

The Nikkei Stock Average is likely to start ahead of buying in the form of falling in favor of Chicago futures. Good financial results from Marvel Technology, Salesforce, etc. have been evaluated in the US market, and buying is spreading to high-tech stocks. NVIDIA also showed an increase of over 3%, and values with a large index impact such as Advantest ＜6857＞ and East Elec ＜8035＞ are likely to be support material for high-tech stocks. It is easier to buy the Nikkei Average index in the morning, and it will boost the Nikkei Stock Average.

There was also a scene where yesterday's Nikkei Stock Average softened as it closed ahead of schedule, but when the milestone was close to 39,000 yen, it was evident that there was a strong desire to buy ahead of time. After that, it was a battle and defense around +1σ (39234 yen) of the Bollinger Bands, but it is likely that they will clearly rise to the same level due to the trend of high US stocks. In addition to being aware of +2 σ (39736 yen), there is a possibility that the return high price of 39884.01 yen set on November 7 will come into the firing range. If they seem to return to high prices, the buyback movement on the selling side is likely to intensify, and for high-tech stocks, etc., which have shown adjustments at the moment

It's easy to concentrate funds.

Also, as high expectations rise, it is likely that individual-centered upward price tracking will intensify for small and medium-sized stocks, etc., which continue to have a strong trend. Against the backdrop of Salesforce's good financial results, it seems that funds will also go to AI and DX related matters. On the other hand, there is a possibility that there will be a movement to determine profits in financial stocks that have recently shown strong movements due to the rebalance trend.

■Kumiai, 24/10 upward revised operating profit 11.5 billion yen ← 10 billion yen

Kumiaika (4996) announced revisions to its earnings forecast for the fiscal year ending 2024/10. Sales were revised upward from 155 billion yen to 161 billion yen, and operating profit was revised upward from 10 billion yen to 11.5 billion yen. In the pesticide and agriculture-related business, sales are expected to increase compared to the revised forecast disclosed on 2024/6/4 due to an increase in shipments of pesticides to overseas markets, including the field-acting herbicide “Axive,” etc., and an increase in operating profit.

■Notable materials from the front

・The Nikkei Average rose (39276.39, +27.53)

・The NY Dow rose (45014.04, +308.51)

・The Nasdaq Composite Index rose (19735.12, +254.21)

・1 dollar = 150.40-50 yen

・Chicago Nikkei futures rose (39625, +355)

・The SOX index rose (5121.78, +85.92)

・Long-term US interest rates have declined

・Active share buybacks

・Request for improvement of corporate value by the Tokyo Stock Exchange

・Mitsubishi Gas Chemical ＜4182＞ digital investment of 10 billion yen to build an AI demand forecasting system

・JDI ＜6740＞ next-generation OLED panel mass production postponed to next March

・Nankai Electric Railway ＜9044＞ “Tsutenkaku” becomes a subsidiary, improving line value and regional development

・Mitsubishi Corp. ＜8058＞ subsidiary loses 13.8 billion yen in China due to fraudulent copper transactions

・Aisan Techno ＜4667＞Autonomous driving with the general public on large route buses with Isuzu etc. demonstrated in Hiratsuka

・Nissei Plastics ＜6293＞ mold clamping 460-ton vertical injection machine for automotive electrical components

・CYBERDYNE ＜7779＞ rehabilitation suit, rental agreement with Malaysia

・Kawasaki Shigeru ＜7012＞autonomous ditch mooring construction, utilization of 3D data and high-performance sensors

・TOPPAN ＜7911＞ accelerates development of next-generation semiconductors

・Dai Nippon Printing ＜7912＞ legal and technical language support for promotional materials and packages

・Shibaura Mechatronics ＜6590＞ niche offensive in pre- and post-process processes, demand for AI semiconductors

・Fujisoft ＜9749＞ detects abnormal behavior of workers with an AI camera

・Sumitomo Chemical ＜4005＞ grew with pesticides and electronic materials, sales increased 30-40% in fiscal year 30

・Sumitomo Metal Mining ＜5713＞ acquires 30% interest in Australian Pro and forms partnership with Rio Tinto

・Kashima ＜1812＞Reducing CO2 emissions in dam construction by introducing low-carbon concrete

・Tosoh ＜4042＞ increases production of HDI guidance products and invests 6 billion yen in Yamaguchi

・Nippon Tokushu Ceramics (5334): Tactile and Hearing in the Air, Exhibits Devices at the Expo

・Hazama Ando ＜1719＞ AI detection of dangerous behavior, NTT-AT and field systems

・Mitsui Chemicals ＜4183＞ Chemical WG, results with joint logistics, digital utilization, demonstration in Chiba

・Demonstration with Obayashi Group ＜1802＞ Keio University with explosives loading and tunnel cutting work by remote control

・Examination of future images of Kikuyo in Kumamoto with JR Kyushu ＜9142＞Mitsui Fudosan, etc.

☆ Front office event schedule

＜Domestic＞

・ 10:30 Bank of Japan deliberation committee member Nakamura greetings (scheduled for afternoon press conference)

＜Overseas＞

・ 09:30 Australia/October trade balance (forecast: +4.5 billion Australian dollars, September: +4.609 billion Australian dollars)