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Emerging markets outlook: Will the sluggish trading in the growth market continue, or will short-term funds flow into recent ipos?
In the thin trading, it is difficult to grasp the direction of the index, as emerging markets fell this week. During the same period, while the Nikkei Average was +2.51%, the Growth Market Index was -1.50%, and the Growth Market 250 Index was -1.39%, highlighting the weakness of the growth market. Similar to the main board market, at the beginning of the week, there was buying based on the rise of US stocks, but due to the yen depreciation and dollar appreciation, large-cap stocks were favored, resulting in a heavy upward trend after the buying wave. The trading value was 100 billion yen.
The TOPIX Growth Market 250 index continued to decline, with a lackluster trend due to light trading volume.
Tokyo Stock Exchange Growth Market Index 814.87 -2.90 / Volume 0.1 billion 89.33 million shares / Value 98.4 billion yen. Tokyo Stock Exchange Growth Market 250 Index 638.19 -1.75 / Volume 0.1 billion 42.17 million shares / Value 79.8 billion yen. Today's growth market, both the Tokyo Stock Exchange Growth Market Index and the Tokyo Stock Exchange Growth Market 250 Index, continued to decline. The number of advancing issues is 205, declining issues is 339, unchanged is 44. The U.S. stock market on the 10th fell. The Dow Jones Industrial Average fell 57.88 points to 4245.
Overview of Tokyo Stock Exchange Growth Market 250 Index Futures: Heavy resistance on the upside, falling back.
On October 10, the TOPIX Growth Market 250 Index Futures closed at 628 points, down 5 points from the previous trading day. The high was 634 points, the low was 621 points, and the intraday trading volume was 4571 contracts. The Dow Jones Industrial Average in the US market on the previous day, October 9, continued to rise. Following the diminished expectations of prompt interest rate cuts by the Federal Reserve Board (FRB), stocks declined after the opening. However, from the dip, market sentiment turned bullish on expectations that China's fiscal strengthening measures aimed at revitalizing the economy would support global economic and corporate revenue recovery. The Federal Reserve
Summary of TOPIX Growth Market 250 Index Futures: Rebound continues but heavy resistance persists on the upside.
On October 7, the TOPIX Growth Market 250 index futures rose by 5 points from the previous trading day to 637 points. The high was 643 points, the low was 629 points, and the intraday trading volume was 5602 contracts. The Dow Jones Industrial Average in the US market rebounded over the weekend. Encouraged by the resolution of the East Coast dockworkers' strike and the strong results of the September employment statistics, buying sentiment increased after the market opened and continued to rise throughout the day. The significant improvement in economic outlook led to a firm performance. The rise of semiconductor companies like Nvidia (NVDA) driven by increasing demand in the artificial intelligence (AI) sector contributed to the gains in the Nasdaq.
Emerging markets outlook: Interested in confirming the increase in trading volume in growth markets.
Interest in main stocks did not increase, and trading volume stunk this week in emerging markets. During the same period, while the Nikkei Average fell by -3.00%, the Growth Market Index fell by -3.69% and the Growth Market 250 Index fell by -4.22%. Similar to the Prime Market, there was a rollback of 'high market trading' at the beginning of the week, leading to a decline. Subsequently, influenced by the words and actions of the newly appointed Prime Minister Ishiba, buying in main stocks was held back, and short-term funds flowed into recent IPO stocks, among other reasons.
Active and newly listed stocks during the morning session.
*Kasumigaseki Capital <3498> 18680 +3170 is seen as a buy due to the significant increase in this term, as well as the medium-term target figures and other positive factors. *Seibu HD <9024> 3495 +389 has revised its first-half performance forecast upward. *M3 <2413> 1594.5 +134.5 may see heightened expectations in medical DX-related policies. *Shibaura Mechatronics <6590> 8910 +730 attracts attention to the semiconductor sector today. *Tatsumo <6266> 3205 +242 in semiconductor manufacturing.
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