Japanese stocks continue to soar in 2024: the Nikkei/Yen set a new year-end closing high with an annual increase of nearly 20%.
① In 2024, the Nikkei 225 Index closed at 39,894.54 points, marking the highest annual closing level in history, surpassing the record set in 1989; ② The Nikkei 225 Index rose by 6,430.37 points throughout the year, up nearly 20% year-on-year, continuing significant growth for two consecutive years; ③ Analysts expect that the outlook for Japan's corporate giants and investor confidence will bolster the performance of Japanese stocks next year.
As of the end of the year, a record high has been reached for the first time in 35 years.
The Nikkei average fell for the first time in four trading days. It ended the trade at 39,894.54 yen, down 386.62 yen (volume estimated at 1.6 billion 20 million shares). Reflecting the high plateau of U.S. interest rates, there was a leading Buy in the financial Sector, including Banks and Insurance. The Nikkei average started strong at 40,325.78 yen. However, amid the decline in U.S. stocks at the end of the previous week and limited market participants at the year-end, profit-taking Sell and adjustments of positions became predominant, resulting in a turn to the downside. After that, it continued to fluctuate around 0.04 million yen. It is noted that the annual figure stands at 1989.
Japan's Stock Market Poised for New Highs -- Market Talk
Afternoon session [Active stocks and traded stocks]
*Polaris HD <3010> 184 +12,225 revised upward the financial estimates for the fiscal year ending March 2025. *Nagaoka <6239> 1202 +104 secured a large order for screen internal products. *Hiro's <2742> 4625 +425 positively received the double-digit profit increase in the third quarter financial results. *Palemo HD <2778> 123 -10 reported a 50.9% decrease in operating profit for the cumulative third quarter. *Branding <7067> 1638 +300 entered into a capital and business partnership with Japan Asia Investment <8518>.
Stocks that hit the upper or lower limit in the afternoon session.
■ Price ceiling <130A> Veritas In Silicon <303A> Visumo <4011> Headwaters <4069> Blue Meme <4304> E-Store <4935> Liberta <6135> Makino Milling Machine <7067> Branding Technology <7118> Shinwa Holdings ■ Price floor <304A> Forcia <5241> Japan OA Research Institute * Includes temporary price ceiling and floor (indicative prices).
The Nikkei Average fell for the first time in four days, dropping below 40,000 yen due to a reaction against last weekend's buying.
Last weekend, the Dow Inc average in the USA closed down by 333.59 dollars at 42,992.21 dollars, while the Nasdaq fell by 298.33 points to 19,722.03 points in Trade. With the year-end and New Year holidays approaching, participation was limited, and China's Indicators were lackluster. Additionally, political instability in Germany and South Korea seemed to affect the sentiment of some investors, leading to a decline. In preparation for the new fiscal year's rebalancing, high-tech stocks were particularly sold off, further pushing down the overall market, which remained weak throughout the day. Towards the end, the decline was reduced.
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