In today’s market, the Nikkei Average fell ¥648 from the previous day to ¥70,035, while the number of stocks that set new all-time highs reached 33. Nissan Chemical and Sumitomo Bakelite were among the examples.
The Nikkei Average fell today from the previous day, with profit-taking selling prevailing. At the same time, as many as 33 stocks set new all-time highs, marking notable movements in share prices. These included stocks that reached price levels with little historical overhead resistance, and expectations that share prices may be approaching a ceiling were said to be spreading.
Nissan Chemical was cited as a leading example of a stock setting a new high despite the Nikkei Average’s movement, while Ferrotec was also reported to have been featured in Kabutan’s top article. Sumitomo Bakelite reached a new high for the sixth consecutive trading day at one point.