The Nikkei 225 posted a ¥30 decline in the morning session, its first modest decline in 6 sessions. Buying was strong in the morning, but selling by investors waiting to sell into a rebound capped the upside, and volatile trading continued.
The Nikkei 225 stood at ¥66,333.53 in the morning session, down ¥30.67 from the previous week's close, marking its first modest decline in 6 sessions. TOPIX extended its gains to 4,135.38 points. Buying led the market in the morning against the backdrop of higher US stocks, and the index extended its gains after the open, but selling gained the upper hand once the buying subsided. Although it briefly recovered to the ¥64,000 range during trading, it turned lower again.
The yen traded “slightly weaker, in the upper ¥157 range per dollar,” while trading volume on the TSE Prime Market was 1.01134 billion shares and turnover was ¥3.8118 trillion. There were 655 advancers, 819 decliners and 78 unchanged issues.
By sector, 14 of the 33 sectors declined and 19 advanced. Metal products and pharmaceutical stocks fell, while insurance and bank stocks were relatively firm. Specifically, SUMCO, NHK Spring, Chugai Pharmaceutical, Daiichi Sankyo, INPEX and Japan Petroleum Exploration were soft. Meanwhile, insurance stocks such as Daiichi Life Group and Tokio Marine, and bank stocks such as Sumitomo Mitsui and Mizuho, were firm.
Among other movements mentioned in the article, Nidec, Tomen Devices, Futaba, Kemicon and Ibiden declined, while Tamura, Musashi Seimitsu, Kaga Electronics, Money Forward and Rigaku Holdings rose. Provided by Wealth Advisor Co., Ltd.