The Nikkei Average posted its first major rebound in seven sessions on the 16th, closing at 65324.29 yen, up 898.34 yen. 大末建設 hit the daily price limit after announcing an upward revision, a dividend increase and a share buyback.
The Nikkei Average rebounded on the 16th following gains in U.S. stocks, rising nearly 500 yen from its opening level to close at 65324.29 yen. The index traded more than 1,000 yen higher during the morning session and, although trading became subdued near the highs at times in the afternoon, buying returned toward the close. The market posted a major rebound despite giving back some of its gains late in the session.
Estimated trading value on the TSE Prime Market was ¥7.66 trillion. By sector, Other Products, Machinery and Insurance advanced, while Electric Power and Gas was the only declining sector. Retail Trade and Pulp and Paper posted only modest gains.
大末建設 hit the daily price limit after announcing an upward revision, a dividend increase and a share buyback. Other stocks, including 海天, also generally attracted buying.
Meanwhile, パシフィックネット plunged after announcing lower first-quarter profit. The overall rebound in AI-related stocks was limited.
Among indicators related to the Nikkei Average, the index settled at 65324.29 yen. Futures stood at 65520, the TOPIX at 4066.00, volume was approximately 2.37 billion shares, and trading value was ¥7.66 trillion.