The Nikkei Average remained on a downward trend on 24 August, while individual stocks saw active trading on the TSE Prime Market. Sumitomo Metal Mining attracted buying interest as a stock in focus, with its share price rising to ¥11,475.
The Nikkei Average fell sharply from the previous day on 24 August, ending trading at ¥65,528.09. Selling led by AI and semiconductor-related stocks prevailed amid persistently high crude oil prices and rising interest rates. In the afternoon session, reluctance to buy intensified, and the Nikkei Average at one point fell by more than ¥500.
Among individual stocks on the TSE Prime Market, Matsuya ranked among the top gainers, rising ¥252 to ¥2,702, followed by Toyo Engineering, which gained ¥168 to ¥2,496, and Sumitomo Metal Mining in third place, up ¥715 at ¥11,475. The biggest decliners were FIG, down ¥137 at ¥995; Kioxia Holdings, down ¥3,390 at ¥50,930; and IPS, down ¥235 at ¥3,830.
The bottom contributors to the Nikkei Average were Advantest, SoftBank Group, Kioxia Holdings, Fast Retailing and Fujikura. The top contributors were Tokyo Electron, Recruit Holdings, Toyota Tsusho, Hitachi Construction Machinery and Sumitomo Metal Mining. By stock, the Nikkei Average recorded 123 advancers, 97 decliners and 5 unchanged issues.
Trading volume on the TSE Prime Market totaled 1.882 billion shares, while trading value came to ¥7.063630 trillion, both down from the previous day. A total of 90 stocks reached new year-to-date highs, while 0 stocks reached new year-to-date lows.