The Nikkei Average edged up for a third straight day, rising ¥45 from the previous day to ¥66,445.13. The week began with nearly 70% of Prime Market issues declining, as yen appreciation and sector trends shaped trading.
The Nikkei Average rose only modestly in the morning session on the 8th, gaining ¥45.29 from the previous day to ¥66,445.13 and extending its advance for a third consecutive day. Meanwhile, the Tokyo Stock Price Index (TOPIX) fell 23.75 points to 4,102.05, declining for the first time in four sessions. The yen's appreciation to the ¥152.90-per-dollar range at one point also had an impact, while the broader market moved toward a recovery led by semiconductor stocks.
At 9:58 a.m., the Nikkei Average was seen rising as high as ¥67,691.84. Nitori HD and 神戸物産 were bought as beneficiaries of yen appreciation, while automobile stocks such as Toyota Motor and Honda Motor showed lackluster performance.
Trading volume on the Tokyo Stock Exchange Prime Market was 931.04 million shares, with trading value of ¥3.9778 trillion. There were 430 advancers and 1,070 decliners, meaning that nearly 70% of all issues declined. By sector, information and communications, oil and coal products, securities and commodities futures, and nonferrous metals were relatively firm. Real estate, construction, retail, and land transportation also showed strength, while transportation equipment and rubber products moved lower.
Other advancing issues included さくら, JX金属, 洋エンジ, ネクセラ, and HIS, while declining issues included セイコーグレイシャ, シチズン時計, 武蔵精密, アイル, and IBJ.
Provided by Wealth Advisor.