The Nikkei 225 rebounded this week, while the number of stocks reaching new all-time highs rose to 72. Major names included Oncolys, Recruit and Iwai Cosmo Holdings.
The Nikkei 225 rebounded to ¥66,405 this week, supported by gains in U.S. stocks and firm performance in Asian markets, up ¥389 from the previous weekend. In tandem, 72 stocks reached new all-time highs, attracting attention as so-called “stocks with no ceiling.”
Major stocks reaching new all-time highs included S&B Foods, ONCOLYS BIOPHARMA, Dentsu Soken, Rentracks, Recruit Holdings and Iwai Cosmo Holdings. ONCOLYS was supported by the publication of research in an overseas medical journal, while Recruit’s target price was raised by SBC Nikko Securities.
Rentracks also announced its monthly sales for July, while several stocks, including Imamura Securities and Iwai Cosmo Securities, reached new all-time highs. By sector, stocks reaching new highs were seen across a broad range of industries, including information and communications, wholesale and banking.
In addition, 41 stocks reached new all-time highs for the second consecutive week. The coverage comprised stocks listed on the Tokyo Stock Exchange Prime, Standard and Growth markets, including those newly listed as of January 2024.