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The Tokyo Stock Exchange Growth Market index slightly fell back, with the main market relatively dominant in the afternoon session.
Tokyo Stock Exchange Growth Market Index 820.95 -3.23 / Volume 0.2 billion 19.88 million shares / Trading value 146.6 billion yen Tokyo Stock Exchange Growth Market 250 Index 641.72 -2.25 / Volume 0.1 billion 33.08 million shares / Trading value 114 billion yen In today's growth market, both the Tokyo Stock Exchange Growth Market Index and the Tokyo Stock Exchange Growth Market 250 Index experienced a slight decline. The number of rising stocks is 231, the number of falling stocks is 320, and unchanged is 44. On November 29, the Dow Jones Industrial Average rose by 188.59 points in the U.S. market.
Overview of TOPIX Growth Market 250 Index Futures: Welcoming the increase in the effective investment yield of GPIF.
On December 2, the TSE Growth Market 250 index futures rose by 3 points to 636 points compared to the previous trading day. The high was 639 points, the low was 632 points, and the intraday trading volume was 2860 contracts. The US market rebounded last weekend. It became clear that President-elect Trump had constructive dialogue with the leaders of Canada and Mexico regarding tariff policies, leading to improved investor sentiment and buying after the opening, resulting in an increase. There is an optimistic view that sales during the Black Friday, the day after Thanksgiving, will reach record levels due to discounts and sales at retail stores.
There is a possibility of a solid development at the bottom, or continued speculation during the intermission.
Outlook for this week from December 2nd to December 6th: Tokyo Stock Exchange Growth Index is expected to show a firm development, with a possibility of continued interim profit-taking. The direction of the main board market is also unclear, so it seems that profit-taking between acts will continue. The trading value is not increasing significantly in the 100 billion yen range, so the trend is not very strong, but events like the sharp rise of WealthNavi <7342> could push up the index as well. In addition, Free <4478> and BASE, which have a significantly increasing market capitalization, are likely to continue rising.
Emerging markets outlook: Will the search for interlude stocks continue, or will funds flow towards core stocks?
This week, large cap stocks on the main board are being actively traded while the emerging markets are on the rise. During the same period, the Nikkei average showed a decline of -0.20%, whereas the growth market index rose by +0.51% and the Growth Market 250 index increased by +0.91%, highlighting the strength of the emerging markets. In the USA, expectations for an interest rate cut at the December Federal Open Market Committee (FOMC) meeting have strengthened, while in japan, expectations for an interest rate hike at the December monetary policy decision meeting of the Bank of Japan have increased, leading to a heightened awareness of the narrowing interest rate gap between japan and the USA.
Free [List of Ratings in Emerging Markets]
Goldman <4478> Free, sell maintained. *The ratings of each company above are as of 11/29 per our confirmation.
Tokyo Stock Exchange Growth Index rose significantly, with a focus on emerging markets with a strong domestic demand as the yen appreciates.
Tokyo Stock Exchange Growth Market Index 824.18 +10.31 / Volume 0.2 billion 14.71 million shares / Trading value 131.6 billion yen Tokyo Stock Exchange Growth Market 250 Index 643.97 +9.59 / Volume 0.1 billion 49.2 million shares / Trading value 97.7 billion yen Today's growth market, the Tokyo Stock Exchange Growth Market Index and the Tokyo Stock Exchange Growth Market 250 Index both significantly extended their gains. The number of rising stocks is 278, the number of falling stocks is 268, unchanged is 44. Today's growth market had a strong performance. The US market on the 28th, the day before.
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