The Nikkei Average extended its gains on the 26th, ending the morning session up ¥371.12 at ¥66,227.55. Buying in semiconductor-related stocks pushed the index higher.
The Nikkei Average extended its gains in the Tokyo stock market on the 26th, ending the morning session up ¥371.12 from the previous day at ¥66,227.55. Although the index was briefly sold down as much as ¥465 in early trading, buying in semiconductor-related stocks pushed it higher, and it turned upward toward the end of the morning session.
On the TSE Prime Market, 1,085 issues rose, 406 fell and 58 were unchanged, with advancers far outnumbering decliners. By sector, 24 of the 33 sectors rose, with securities and commodity futures trading posting the largest gain. Shipping, oil and coal products, and metal products were among the sectors making negative contributions.
Advantest was the top positive contributor to the Nikkei Average, adding ¥164.12, followed by SoftBank Group at ¥111.03, Recruit Holdings at ¥30.17 and Chugai Pharmaceutical at ¥14.08. Among negative contributors, Tokyo Electron ranked first, weighing down the index by ¥75.42.
Buying gained the upper hand in the afternoon session, lifting the Nikkei Average at 12:47 p.m. to as high as ¥66,384.44, up ¥528.01 from the previous day. At around 12:48 p.m., the index was trading at around ¥66,350. The dollar-yen exchange rate was around ¥158, trading volume was 984.58 million shares and turnover was ¥3.7177 trillion.