The rise of Fast Retailing's stock is supporting the market.
The Nikkei average rose for the third day, ending the trading at 39,605.80 yen, up 224.91 yen (+1.5 billion 70 million shares estimated volume). Despite the main stock price index in the US market falling the previous day, buying continued in financial stocks such as mega banks due to expectations of improved spreads following the rise in domestic long-term interest rates. Additionally, First Retailing <9983> announced favorable earnings, attracting buying from the morning, and the Nikkei average extended its gains to 39,668.93 yen in the mid-afternoon. On the Tokyo Stock Exchange main board, the number of declining stocks and rising stocks were
Nikkei average rose for the third day, with buying focused on Fast Retailing with good earnings.
On the 10th, the US stock market fell. The Dow Jones Industrial Average closed down 57.88 points at 42,454.12 dollars, while the Nasdaq traded at 18,282.05, down 9.57 points. The Consumer Price Index (CPI) exceeded financial estimates, leading to a decline after the opening as expectations of a swift rate cut by the Federal Reserve Board (FRB) receded. The impact of a major hurricane also caused a substantial increase in weekly initial jobless claims, leading to a deterioration in economic outlook and further selling pressure and continued decline. Leading in the field of AI.
Shimamura, SoftBank G (additional) Rating
Target stock price change code | Stock name | Securities company | Previous | After the change | ------|-----------------|----------|--------|--------|＜4021＞|Nissan Chemical | Citi | 5600 yen | 5900 yen |＜4631＞|DIC | Mizuho | 3400 yen | 3900 yen |＜6432＞|Takeuchi Manufacturing | GS |
Fuyorin Leasing - Fuyorin Auto Leasing, Yokogawa Rent-Leasing, REXEV have started a verification project for the construction of VPP.
On the 10th, Fuyo General Lease <8424> announced that its subsidiary Fuyo Auto Lease, Yokogawa Electric's <6841> subsidiary Yokogawa Rent-a-Lease, and REXEV have started a demonstration project towards building a VPP that efficiently operates electric vehicles (EVs) through an energy management system, aggregating scattered EVs individually and exerting the large demand-supply adjustment power derived from EVs. In this project, EV onboard rechargeable battery systems with EV charge/discharge remote control systems are adopted.
Active and newly listed stocks during the morning session.
*Koshidaka HD <2157> 1133 +150, with a significant increase in the previous period, is also expected to achieve double-digit profit growth this term. *Takeuchi Manufacturing <6432> 4830 +450, with upward revision of profit estimates and announcement of share buyback. *SHIFT <3697> 15945 +1295, with anticipation despite the downward landing in August 2024 term. *Money Forward <3994> 6358 +444 announced a revision of business fees. *Chiyoda <8185> 1162 +79 revised upwards the first half performance forecast.
Rating [security companies rating]
Upgrade - Bullish Code | Company Name | Securities Company | Before | After | ------|-----------|---------|-----------------|-------------|<9104>|Mitsui O.S.K. Lines | Tokai Tokyo | "Neutral" | "OutP" |<6586>|Makita | SBI | "Hold" | "Buy" |Downgrade - Bearish Code | Company Name
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