The Nikkei Average rose more than ¥705 at the close on the 29th, marking its 3rd consecutive session of gains. Trading value expanded due to the impact of TOPIX rebalancing, significantly affecting trading conditions on the TSE Prime Market.
The Nikkei Average closed at ¥64,659.47 on the 29th, up ¥705.28 from the previous day. Buying led the market in the morning on the back of gains in U.S. stocks, but the index temporarily fell into negative territory when Samsung Electronics' earnings fell short of market expectations. Later, as movements in Samsung shares settled, semiconductor-related stocks regained favor, and the index widened its gains again in the afternoon before remaining firm into the close.
The TOPIX rebounded, rising 11.57 points to 4003.28. Trading related to TOPIX rebalancing drove TSE Prime Market volume to 4.14801 billion shares and trading value to ¥13.8657 trillion, both sharply higher than the previous day.
By sector, 25 of the 33 sectors advanced and 8 declined. Banking, securities, mining, electric power and gas, insurance, glass and ceramics, and foods stocks were firm, while machinery and electrical equipment stocks, including Hitachi and NEC, declined. Sekisui Chemical, FreeBit and Nojima advanced, while Ikka Chemical, Aichi Steel and Atrae declined.