The Nikkei Average edged down while TOPIX edged up, with the two indexes moving in different directions. Market commentary indicated that gainers were relatively more numerous in the Prime Market, creating conditions in which moves in stocks with a high contribution to the index were more likely to sway the Nikkei Average.
The Nikkei Average edged down 0.07%, while TOPIX edged up 0.32%, resulting in a divergence in the direction of the two indexes. Market reports indicated that gainers were relatively more numerous in the Prime Market, and moves in stocks with a high contribution to the index were said to be more likely to sway the Nikkei Average.
From an investor perspective, the analysis suggested that this is likely to be a phase in which the focus is on stock selection by sector and theme rather than on the performance of the Nikkei Average.
This report, based on index information and stock news from Yahoo! Finance, provides material for understanding the overall market picture and divergence among individual stocks.