The Nikkei Average rose for a third straight session in Tokyo trading on the 11th. Improved supply-demand conditions and SoftBank Group’s resilience supported investor sentiment, lifting the close to ¥61,248.59.
The Nikkei Average rose ¥789.01 from the previous day to ¥61,248.59 in Tokyo trading on the 11th, its third straight gain. Buying prevailed on improved valuation appeal and supply-demand conditions following the US midterm elections. SBG posted a net loss in its latest results, but showed resilience even after coming under selling pressure.
The TSE Prime Index rose for a third straight session, closing at 3,929.39, up 35.68 points from the previous day. The JPX Prime 150 Index also extended its winning streak to 3 sessions, closing up 16.27 points.
Estimated turnover was ¥8.6968 trillion and trading volume was 2.71951 billion shares. There were 836 advancers, 668 decliners and 47 unchanged stocks.
Semiconductor stocks including Advantest, Tokyo Electron and Kioxia recovered, supporting the market’s rise, while Fast Retailing, Recruit, Konami Group and BayCurrent fell. Reports on Anthropic’s IPO also drew attention to developments involving SBG’s investee companies.