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JP Movers | Mitsubishi Rose 8.76%, Leading Nikkei 225 Components, Disco Topped Turnover List
Market sentiment was stable today as Nikkei 225 components continued to trade sideways, with Mitsubishi(8058.JP) being the top gainer today, rising 8.76% to close at 2589.0 yen. In addition, the top loser was Hitachi(6501.JP)，falling 8.49% to end at 3837.0 yen.
Growth 250 has fallen for four consecutive days, with companies like Timee being sold off = Emerging Markets, 25th.
The TSE Growth Index fell for the fourth consecutive day. While the overall Tokyo market exhibited a sluggish trend, the growth market also faced selling pressure from Timee <215A.T>, Trial Holdings <141A.T>, and BASE <4477.T>. On the other hand, Cover <5253.T> and Plaid <4165.T> saw gains. Recently listed IPOs Booking Resort <324A.T> and Technology Succession Organization <319A.T> both reached the daily limit up. Provided by Wealth Advisor.
Stocks that moved or were traded in the first half of the session.
*Mitsubishi Corporation <8058> 2594.5 +214 Expectations of increased purchases by Mr. Buffett lead major trading companies to buy first. *Marubeni Corporation <8002> 2468 +178.5 Mr. Buffett's letter to investors is regarded as material. *Itochu Corporation <8001> 6550 +409 Major general trading companies show Mr. Buffett's willingness to increase purchases. *Sumitomo Corporation <8053> 3440 +196 Following hints of Mr. Buffett raising his shareholding limit. *Nexela Pharma <4565> 887 +
A soft tone and declining U.S. stocks may weigh on the market, but a solid performance at lower levels is expected.
[Emerging Markets Individual Stock Global Strategy] Today's Emerging Markets are expected to experience a weak trend. In the Tokyo market during the three-day holiday weekend, the U.S. stock market on the last trading day of last week, the Dow Inc fell by 748.63 dollars (-1.69%). The decline in UnitedHealth, a health insurance company, weighed down stock prices; moreover, concerns about growth slowdowns spread following the Michigan Consumer Confidence Index and existing home sales figures, pushing stock prices lower. Yesterday, the 24th, the market was slightly up by 33.19 dollars (+0.08%) at 43,461.21 dollars, marking a small gain after three days.
With the decrease in trading volume, the rise has paused, and attention is focused on whether the major stocks with large Market Cap can bounce back.
■Caution against risk-averse selling This week, Emerging Markets are likely to perform relatively well compared to Large Cap stocks, which are more susceptible to currency fluctuations, but the upside may be capped. The Growth Market 250 Index has reached 693.92 points on the 13th and is now experiencing a slight adjustment phase. Trading volume has decreased after peaking at 218.5 billion yen on the 17th, indicating a pause in the recent short-term uptrend. While the atmosphere of a sudden crash is not particularly strong, similar to Large Cap stocks, the European Index.
Advanced Reading Strategy Command Room = Cover: The financial estimates for maximum profit have exceeded expectations, and the sell-off is an overreaction.
Cover <5253.T> has shown trends in revenue and profit that exceed financial estimates, and after aiming for the all-time high of 3,325 yen reached on December 1, 2023, it has sharply declined, falling to 2,393 yen on February 14, breaking below the 75-day moving average, but is now showing signs of bottoming out. The trigger for the sharp decline was the upward revision of the performance forecast for the fiscal year ending in March 2025. It is an upward revision, not a downward one. Although the selling pressure following the upward revision may have been due to the revision range being insufficient, the highest profit estimate has further increased, and the East.
