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Nikkei average contribution ranking (closing) - Nikkei average continued to rise significantly, with Advantest and Fast Retailing pushing up by about 301 yen with 2 stocks.
At the closing time on the 6th, the number of rising and falling stocks in the Nikkei average constituent stocks was 167 for the gainers, 52 for the decliners, and 6 unchanged. The U.S. market on the 5th saw an increase. The Dow Jones Industrial Average closed at 42,221.88, up 427.28 points, while the Nasdaq closed at 18,439.17, up 259.19 points. Purchases were made in anticipation of the clearance of uncertainty due to the presidential election approval, leading to an increase after the opening. Due to the unexpected improvement in the October ISM non-manufacturing business conditions index, expectations of a soft landing were received.
Active and newly established stocks in the afternoon session.
*Yusen Logistics <9101> revised downwards the financial estimates for the fiscal year ending March 2025 by 19,625 million yen. *Shin-Nikkei <2395> reported an operating profit of 0.08 billion yen in the previous period, a reversal from the previous estimate of a deficit of 0.202 billion yen to a profit. *Bandai Namco Holdings <7832> achieved an operating profit in the previous period of 113.6 billion yen, a 73.6% increase surpassing the revised upward level of 112 billion yen on October 23. *Kokuyo <7984> sees Oasis Management emerging as a major shareholder.
Bandai Namco Sees FY Net Y110.00B
BANDAI NAMCO Holdings: Summary of financial results for the 2nd quarter (interim period) for the fiscal year ending March 31, 2025 [Japanese GAAP] (consolidated)
11/6 [Strengths and Weaknesses Materials]
[Bullish and Bearish Factors] Bullish factors: Nikkei Average is rising (38,474.90, +421.23), Dow Jones Industrial Average is rising (42,221.88, +427.28), Nasdaq Composite Index is rising (18,439.17, +259.19), Chicago Nikkei Futures are rising (38,970, Osaka comparison +310), SOX Index is rising (5,057.83, +83.84), VIX Index is falling (20.49, -1.49), U.S. crude oil futures are rising (71.99, +0.52), U.S. long-term interest rates are falling, USA.
Expectations for economic policies are high after the presidential election.
[Stock Market Opening Comments] On the 6th, the Japanese stock market is likely to see market developments while keeping an eye on the results of the US presidential election. On the 5th, the US market saw the NY Dow rise by 427 points and the Nasdaq rise by 259 points. Expectations that uncertainty will be dispelled by the presidential election passing led to a bullish trend. In addition, unexpected improvement in the October ISM non-manufacturing business conditions index in the US has strengthened buying expectations for a soft landing. Chicago Nikkei 225 futures settlement price compared to Osaka was 31 points.
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