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Despite the progress of the yen's appreciation, there is a strong price movement around 38,000 yen.
The Nikkei average fell. It ended the trading at 38,208.03 yen, down 141.03 yen (with a volume of approximately 1.62 billion shares). With Thanksgiving in the US the previous day causing a lack of clues in the market, the yen's temporary increase to the 149 yen per dollar range due to the announcement of the November Consumer Price Index (CPI) for Tokyo's wards before the start of trading was not well received. Export-related stocks were mainly sold, and there were moments when the Nikkei average dropped to 37,986.97 yen in the mid-morning session. However,
Nikkei average falls, with yen appreciation accelerating, but financial stocks providing support among others.
Last night's usa market was closed for the Thanksgiving holiday. The currency exchange market saw continued lack of movement in the trading of major currencies. The dollar-yen exchange rate struggled to rise. After being bought up to 151.77 yen at one point, it dropped to 151.41 yen, closing at 151.50 yen. Although the usa market was closed, the consumer price index for the Tokyo metropolitan area announced in the morning exceeded market financial estimates, strengthening the expectations for an interest rate hike by the bank, pushing the dollar to the 149 yen level for the first time in a month. In response to the yen's appreciation in the currency exchange, the Tokyo market sold.
November 29th [Today's Investment Strategy]
[FISCO Selected Stocks] [Material Stocks] Goodcom Asset <3475> 786 yen (11/28) Expands planning, development, and sales of condominiums in the capital and three prefectures. Upward revision of profit forecast for the fiscal year ending October 2024. Operating profit is expected to be 5.451 billion yen (2.5 times higher than the previous period). Due to the review of sales strategy, revenue is being revised downwards, but the high-profit margin real estate management stock income has increased. At the same time, the dividend policy has been changed with a target dividend payout ratio of 35% (previously
WealthNavi---Mitsubishi UFJ to fully acquire as a subsidiary through tender offer.
Mitsubishi UFJ Financial Group <8306> is reported to be acquiring the company. They are planning to move forward with a Tender Offer (TOB) to acquire all shares and make it a wholly-owned subsidiary. They are said to be making final adjustments regarding the premium, and it is expected that funds aiming for a price increase due to speculation will concentrate.
List of Conversion Stocks (Part 1) [List of Parabolic Signal Conversion Stocks]
List of stocks for buying conversion Market Code Security Name Closing Price SAR Tokyo Main Board <1899> Fukuda Construction 5330 5200 <1945> Tokyo Enesis 10381008 <1946> Toenec 940904 <1982> Hibiya Construction 38803610 <2002> Nisshin Flour G 18451799 <2053> Chubu Fodder 13351287 <2220> Kameda Confectionery 41904095 <2229>
The willingness to buy on dips is strong when prices fall below 38,000 yen.
The Nikkei average rebounded for the first time in three days. It closed at 38,349.06 yen, up 214.09 yen (volume approx. 1.68 billion shares) at the end of trading. Selling pressure dominated from the beginning due to the previous day's decline in US stocks, causing the index to drop to 37,801.62 yen shortly after the start of trading. Subsequently, moves to buy back tech shares intensified, especially triggered by reports from US media that "US semiconductor regulations on China will not be stricter than before", leading to a turnaround in the market and an expansion of gains towards the afternoon session.