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The Nikkei average is up by about 380 yen, with top gainers among the adopted stocks being Daiichi Sankyo, Mitsubishi Heavy Industries, IHI, etc.
On March 3rd, after 11 AM, the Nikkei average stock price fluctuated around 37,535 yen, about 380 yen higher than the previous weekend. Right after the market opened at 9 AM, it reached 37,720.36 yen, up 564.86 yen. Buying was driven by the rise in US stocks on February 28, and it seems that there was also buying aiming for a rebound after a significant drop last weekend. However, the market continues to be heavy on the upside due to selling in anticipation of a pullback. Among the Nikkei average stocks, Daiichi Sankyo is among the top gainers.
Japanese stock buybacks this week (2/24~2/28)
――――2/25――――$Saint Marc Holdings(3395.JP)$ will buy back up to 2.82 million shares, 13.8% of its outstanding shares (excluding its own shares), for an amount of JPY¥ 6.5 billion.$Riken Vitamin(4526.
MonotaRO, Daio Paper, ETC (additional) Rating
Upgrades - Bullish Code Stock Name Broker Previous After ------------------------------------------------------------- <1911> Sumitomo Forestry SMBC Nikko "2" "1" <4062> Ibiden Morgan Stanley "Equal Weight" "Over Weight" <5333> Gaishi Mizuho "Hold" "Buy" Downgrades - Bearish Code Stock Name Broker Previous After ---------------------------
Rating information (Target Price change - Part 2) = Kakaku.com, JACR, ETC.
◎ Mizuho Securities (three-tiered: Buy > Hold > underperform) Kakaku.com <2371.T> --- "Buy" → "Buy", 2900 yen → 2600 yen KH Neochem <4189.T> --- "Buy" → "Buy", 2700 yen → 3200 yen Takeda Pharmaceutical <4502.T> --- "Buy" → "Buy", 5350 yen → 5400 yen Omron <6645.T> --- "Buy" → "Buy", 7000 yen → 6700 yen Panasonic <6752.T> --- "Buy" → "Buy", 2160 yen
Nissan stocks rebounded for the first time in three days, with 100,000 shares of treasury stock being canceled.
Nissan (4021.T) has rebounded for the first time in three days, reaching a temporary high of 4,378 yen, up 57 yen. After the close on the 26th, it was announced that the company would retire treasury stocks, which was seen as positive news. The company plans to retire one million shares of its treasury stock (0.73% of the outstanding shares before retirement) effective March 12. It seems that concerns about the re-release of treasury stocks into the market have eased. The number of outstanding shares after the retirement, including treasury stock, is expected to be 136.8 million shares. As of 9:09 AM, the stock price is up 53 yen compared to the previous day.
Nissan Chemical's Profit Rises 22% in Fiscal Nine Months
