The Nikkei Average extended its winning streak to 3 sessions on the 29th in the Tokyo stock market, closing at ¥64,659.47, up ¥705.28 from the previous day. Advantest's upward revision was the largest contributor, with the company's share price lifting the Nikkei Average by approximately ¥450.
The Nikkei Average extended its winning streak to 3 sessions on the 29th in the Tokyo stock market, closing at ¥64,659.47, up ¥705.28 from the previous day. Advantest's upward revision to its earnings outlook was a major contributor to the Nikkei's rise, with the stock alone having an impact of approximately ¥450.
The Nikkei Average temporarily declined in response to developments in the South Korean market following Samsung Electronics' finalized earnings results, before buying resumed and the index rose again in the afternoon. Some market participants said buying of futures by short-term traders and dip buying of semiconductor-related stocks by individual investors supported the market.
Trading value on the TSE Prime Market was approximately ¥13.8657 trillion, the highest level in 4 months. Trading volume was approximately 4.14801 billion shares, with 734 TSE Prime stocks advancing, 779 declining and 38 unchanged.
The TOPIX posted a modest rebound, closing at 4003.28, while the JPX Prime 150 ended at 1683.38. Advancing stocks included Ibiden, Fast Retailing and Fujikura, while declines in Fanuc and Hitachi were also seen.