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Profit-taking Sell is prevailing in response to the consecutive rise.
The Nikkei Stock Average fell for the first time in five days, finishing the trade at 39,470.44 yen, down 378.70 yen (estimated Volume 1.9 billion 90 million shares). In the previous day's US market, major stock price indices declined, and after recovering the significant 0.04 million yen mark the day before, profit-taking Sell orders were prioritized due to short-term overheating. Although there were some moments where prices slightly recovered due to Buy orders on dips, the failure to stay above the SQ value (39,434.85 yen) invited selling pressure, and there were instances where it dropped to 39,247.41 yen towards the end of the morning session.
Visionary, Mitsubishi, etc. (additional) Rating.
Upgraded - Bullish Code Stock Name Securities Company Previous After --------------------------------------------- <6952> Casio Daiwa "3" "2" <7202> Isuzu Daiwa "3" "2" <8801> Mitsui Fudosan Daiwa "3" "2" <3659> Nexon Daiwa "2" "1" Downgraded - Bearish Code Stock Name Securities Company Previous After ---------------------------------------------
12/13 [Strong and Weak Materials]
[Bullish and Bearish Factors] Bullish factors: Nikkei average is rising (39,849.14, +476.91) / 1 Dollar = 152.50-60 yen / Active Share Buyback / Request from the Tokyo Stock Exchange to enhance corporate value. Bearish factors: Dow Jones Industrial Average is declining (43,914.12, -234.44) / Nasdaq Composite Index is declining (19,902.84, -132.05) / Chicago Nikkei Futures are declining (39,665, -145) / SOX Index is declining (4,982.19, -45.60) / VIX Index is rising (13.92,
Cheap Valuations Won't Cut It Anymore as Investors Like New Metric for Japan Stocks
Against the backdrop of rising U.S. tech stocks and a weaker yen, it temporarily recovered to the 0.04 million yen level.
The Nikkei average rose significantly for the fourth consecutive day, closing at 39,849.14 yen, up 476.91 yen (Volume approximately 1.9 billion 30 million shares). Since the previous day's USA market was driven by buying in technology stocks, buying started off strongly, and in the mid-morning session, it rose to 40,091.55 yen, recovering the important level of 0.04 million yen for the first time since October 15. Additionally, the yen exchange rate depreciated to 152 yen to the dollar, which was also favorable for export-related stocks.
12/12 [Strong and Weak Materials]
[Bullish and Bearish Materials] Bullish materials; Nikkei average is rising (39372.23, +4.65); Nasdaq Composite Index is rising (20034.89, +347.65); 1 dollar = 152.30-40 yen; Chicago Nikkei Futures are rising (40065, +655); SOX Index is rising (5027.80, +133.10); VIX Index is declining (13.58, -0.60); US crude oil futures are rising (70.29, +1.70); Active Share Buyback; Requests for corporate value enhancement by the Tokyo Stock Exchange are Bearish.
