Sentiment in the TSE Growth Market is improving as the Nikkei 225 rises, although some see fewer opportunities for the market. The emerging-market complex is flat, and approvals for next month's IPOs are expected to increase.
The TSE Growth Market continues to trade in a range around 800 points, while sentiment in the TSE Prime Market has improved following the Nikkei 225's rise. At the same time, fund flows centered on the Growth Market are contracting, prompting awareness that opportunities for the market may diminish.
The emerging-market complex is flat, with a growing sense of stagnation. Although funds at times flowed into individual stocks related to autonomous driving, consulting and recent IPOs, momentum has weakened compared with through mid-September. On some days, weakness in stocks with high index contributions weighs on the market.
Among recent IPOs, Layered and akippa have gained popularity, and active trading continues as funds seek destinations. Approvals for companies listing in November are increasing, keeping market interest elevated. Stocks related to AI agents and generative AI platforms are also attracting attention.
The IPO schedule ahead is expected to include more medium-sized and larger Growth Market offerings as approvals for November listings increase. Stocks involved in algorithms and DX platforms are drawing attention, and listing schedules are expected to remain a focus for investors.