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The Nikkei average fell by 312 yen, marking a decline for the first time in four days, with nearly 70% of Main Board stocks decreasing in value = 14th afternoon session.
On the 14th, the Nikkei average stock price in the afternoon session fell by 312 yen and 04 cents from the previous day to 39,149 yen and 43 cents, marking a decline for the first time in four days. The TOPIX (Tokyo Stock Price Index) dropped by 6.38 points to 2,759.21 points. The Nikkei average experienced selling pressure from the morning and moved sluggishly. Although there was a brief moment when it turned upwards, the resistance at higher prices was significant. In the afternoon, following a move towards a stronger yen against the dollar, the decline widened. With weekend factors also compounding, the Nikkei average continued to trend weakly.
Eneos Plans to Spin off Metals Subsidiary, Raise $3 Billion in IPO -- Update
The semiconductor materials supplier JX Advanced plans to raise 3 billion dollars, which will become Japan's largest IPO since 2018.
Global semiconductor materials major supplier JX Advanced Metals is seeking to raise approximately 4.60 billion yen (3 billion USD) through an initial public offering (IPO), which would be Japan's largest IPO since 2018. The company is a subsidiary of oil giant Eneos Holdings Inc., and according to company documents submitted to the Ministry of Finance, the guidance price is set at 862 yen per share. The company will be listed on the Tokyo Exchange on March 19. The scale of this transaction will exceed last year's large-scale listing by the subway operator Tokyo Metro.
Eneos Holdings Says Listing of Subsidiary JX Advanced Metals Approved
ENEOS Holdings Reports Decline in Q3 FY2024 Results
ENEOS Holdings: Financial results presentation materials for the 3rd quarter of fiscal year 2024
