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Emerging market outlook: can the mood change with the earnings reports of main players on the Growth Market 250 index, which has experienced a historic crash?
Since March 14, 2011, there has been a historic crash in the emerging markets this week. During the same period, the Nikkei Average fell by -2.46%, while the Gross Market Index fell by -3.26%, and the Gross Market 250 Index fell by -2.52%. Like the Prime Market, the Gross Market also experienced a historic crash at the beginning of the week on August 5. Only Cloudworks <3900> and YCP <9257> JDR (Japanese Depository Receipts) rose in the market. Margin calls were triggered for investors who suffered losses in the sudden drop on the 2nd.
The TOPIX Global Market 250 Index has risen for 4 consecutive days, and even with light trading, the Prime Market is also experiencing an increase.
TOPIX Growth Market Index 724.63 +4.75 / volume of 0.2 billion 24.49 million shares / trading value of 89 billion yen TOPIX Growth Market 250 Index 561.78 + 4.05 / volume of 0.1 billion 35.17 million shares / trading value of 75.8 billion yen. Today's Growth Market saw the TOPIX Growth Market Index and TOPIX Growth Market 250 Index rise for the fourth consecutive day. The number of rising stocks was 353, the number of falling stocks was 206, and the unchanged stocks were 30. On the 8th, the US stock market rebounded. The Dow was up 683.04 points (+1.
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Emerging markets outlook: be cautious of a one-step decline in the Growth Market 250 index, will continue to search for double-digit stocks by elimination method.
In the current market situation, there is strong selling pressure to avoid risks, and the emerging markets saw a significant decline this week. The rise and fall rates during this period showed that while the Nikkei average fell by -4.67%, the growth market index fell significantly further by -9.62%, and the growth market 250 index fell by -10.36%. Looking back as far as the former Mothers Index, this marked the lowest decline rate since the week of January 1, 2022, of -10.61%. Similar to the primary market, the strong selling pressure to avoid risk is due to factors such as the rapid appreciation of the yen after the meeting of the central banks of Japan, the US and China, and growing concern about a recession in the US economy.
The TOPIX 250 index in the Tokyo Stock Exchange's Growth Market experienced a historic drop, falling to levels not seen since the March 2020 COVID-19 shock.
The Tokyo Stock Exchange Growth Market Index was 749.04, down 58.55 points, with a volume of 0.3 billion 3.04 million shares and a turnover of 136.4 billion yen. The TSE Growth Market 250 Index was 576.29, down 46.96 points, with a volume of 0.2 billion 5.79 million shares and a turnover of 113.8 billion yen. Today's growth market saw both the TSE Growth Market Index and the TSE Growth Market 250 Index fall significantly. The number of rising stocks was 10, the number of falling stocks was 577, and the number of unchanged stocks was 1. The US stock market on the 1st day fell significantly, with the Dow down 494.82 dollars (-
While there is active trading in the biotechnology sector, it remains to be seen when investor sentiment will improve.
Improvement in investor sentiment is timely. We hope for a rebound in emerging markets this week after last week's sharp decline, but such improvement may depend on timing. While the opening price of the large cap stock exceeded the offering price, it closed near the lowest of the day, causing concern. The market is following the investment judgment of a large US securities firm with a "buy" rating and coverage beginning at a target stock price of 2,200 yen. It remains to be seen whether the market will regard it as a positive. The company accounted for one-third of the trading value in the growth market over the weekend.
Emerging market prospects: Circulatory selection within the biotechnology sector is booming, but the improvement of investor sentiment depends on timing.
Due to the downturn in high-tech stocks and the appreciation of the yen in the foreign markets, investor sentiment has worsened, leading to a significant drop in the emerging markets this week. During the same period, while the Nikkei Average fell by -5.98%, the growth market index fell by -4.50% and the growth market 250 index fell by -4.86%, experiencing a sharp decline. Like the main board market, investor sentiment has also soured in response to the decline of high-tech stocks and the appreciation of the yen in the foreign markets. This has led to a stronger selling pressure, particularly in bio stocks that had been rapidly rising. This is the market trend of the week.
Part 2 of the previous day's moving stocks, including J-Data, Tokyo Electron Ltd. unsponsored ADR, Nippon Pallet, etc.
Stock name <code> 26 closing price on the 26th ⇒ Decrease from the previous day Renesas Electronics <6723> 2442 -141.5, continuing unfavorable reaction to earnings announcement on the 25th. KOKUSAI ELECTRIC <6525> 3860 -235, supply-demand concerns due to lower offering price are predominant. Laser Tech <6920> 25640 -1100, sell-off continues for leading semiconductor-related stocks. Nissan Motor Co <7201> 466.2 -18.8, significant decline in Q1 earnings, financial estimates for the full year have been revised downwards.
The Tokyo Stock Exchange's Growth Market 250 Index rebounded for the third day and was in a firm condition in comparison to large-cap stocks.
The Tokyo Stock Exchange Growth Market Index was 828.76, up 2.40, with a volume of 0.2 billion and 52.74 million shares traded, and a turnover of 152.3 billion yen. The TSE Growth Market 250 Index was 642.91, up 2.35, with a volume of 0.1 billion and 47.2 million shares traded, and a turnover of 65.8 billion yen. Today's Growth Market saw a rebound in both the TSE Growth Market Index and the TSE Growth Market 250 Index, both up for the first time in three days. The number of rising stocks was 262, the number of declining stocks was 281, and the number of unchanged stocks was 40. The US stock market on the 25th was mixed. The Dow Average was up 81.20 dollars.
Emerging Markets Stock Digest: ispace surges, Kintarou surges.
<4015> Pei Cloud 611, continued to rise +2. After the close of trading on the 25th, the monthly performance report for June was released and it was favorably received. The growth rate of the main performance indicator, MRR (Monthly Recurring Revenue), increased by 118% compared to the same month last year. The handling amount was 114 billion yen (including online charges of about 0.7 billion yen), and the cumulative ID number was 204 million (an increase of about 1.5 million from the previous month), and the cumulative number of stores was 123,548 (an increase of 253 stores from the previous month), showing strong performance. <190A> Chordia 715, -1.
Active and newly listed stocks during the morning session.
*Hino Motors (7205) increased significantly in the first quarter with a profit impact of +47.3. Fujitsu (6702) exceeded consensus expectations in the first quarter with a profit turnaround. Nomura Research Institute (4307) is evaluating the movement of a significant profit increase which exceeded expectations. Shin-Etsu Polymer (7970) is expected to exceed the consensus estimate for this year's performance. Tokuyama (4043) had a profit increase of +229 in the first quarter.
Ispace Unit Completes Lunar Micro Rover for HAKUTO-R Mission 2; Shares Gain Over 5%
Hot stocks digest (morning session): Hino Motors, Fujitsu, NRI, etc.
Hino Motors <7205>: significant rebound at 449.4 yen (+47.3 yen). The company announced its first-quarter earnings the previous day, with operating profit reaching 6.38 billion yen, 5.6 times higher than the same period last year. The progress rate for the maintain target of 20 billion yen is 32%, which has a positive impact. The main reason for the significant increase in profit was the increase in sales of domestic large trucks and the effect of a weak yen exchange rate. It is also reported that they will withdraw from engine production in China, hoping to advance the structural reform.
The assembly of the flight model of the small lunar exploration vehicle, which is the first in Europe and launched from Europe, has been completed at ISpace and has soared.
Surging. ispace EUROPE S.A., a European entity, announced the completion of the assembly of a flight model of a micro-rover (a small lunar explorer) designed and produced independently for the first time in Luxembourg, where the company is based, after the close of trading on the 25th. This is considered good news. The micro-rover will be transported from Luxembourg to Japan, and will be launched in the winter of 2024 for the "HAKUTO-R" Mission 2 RESILIECE lander (moon landing).
Ispace-EUROPE Announces Completion of First European Designed, Manufactured, and Assembled Lunar Micro Rover
The TOPIX Global 250 index continued to fall, with main stocks bought and a steady movement compared to the Nikkei average.
Tokyo Stock Exchange Growth Market Index 826.36 -10.45 / volume 0.37122 billion shares / turnover 133.2 billion yen Tokyo Stock Exchange Growth Market 250 Index 640.56 -7.65 / volume 0.21897 billion shares / turnover 89.6 billion yen Today's Growth Market continues to decline with both the Tokyo Stock Exchange Growth Market Index and the Tokyo Stock Exchange Growth Market 250 Index. There are 139 gainers, 417 losers, and 28 no change. The US stock market continued to decline on the 24th. Dow Inc. fell 504.22 dollars (-1)
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