This feature highlights NISA-eligible small- and mid-cap stocks that have risen against the market trend in September, as well as stocks with high interim dividend yields. Candidates for this month include stocks that have a March fiscal year-end and a market capitalization of at least ¥30 billion.
The small- and mid-cap stock market was firm in August, led by growth stocks, and the TSE Growth Index rose sharply from the previous month. Although it significantly outperformed the Nikkei Average, the market also experienced a sharp decline in late August, heightening market participants’ interest amid changing market conditions. Trading value on the Growth Market was showing signs of recovery, and buying interest spread beyond AI and semiconductor stocks.
With interest rates expected to rise in September, defensive, high-dividend stocks with low beta values are considered relatively resilient even when market conditions deteriorate. As September is also a month in which interim dividends go ex-rights, a list of qualifying small- and mid-cap stocks is presented, focusing on those with high interim dividend yields.