On the 24th, Tokyo stocks showed limited upside amid a lack of catalysts. AI-related stocks were bought, while major stocks struggled to gain. Stocks held firm after the morning session ended, but TOPIX remained only slightly higher.
The Nikkei average held firm from the opening of the afternoon session, with buying of AI and semiconductor-related stocks continuing as in the morning session. At the close of the morning session, the Nikkei was trading higher than the previous day, while TOPIX remained in positive territory, although selling was also seen in financial stocks and other issues trading near their highs.
The Nikkei temporarily rose more than ¥1,200 in the afternoon, but struggled to gain after the buying ran its course amid a lack of catalysts. Market participants said that many investors were also on holiday.
By sector, nonferrous metals, electrical equipment and precision instruments rose, while services, insurance, and electric power and gas stocks were biased toward declines. Standard TOP20 and Growth stocks generally held firm.
Morning-session trading volume was 1.17754 billion shares, with trading value of ¥4.8731 trillion. 53% of stocks rose and 43% fell. The Nikkei average closed up ¥864.46 from the previous business day at ¥65,883.41, extending its advance for a second straight session.