The Nikkei average edged higher at the opening of the afternoon session on the Tokyo Stock Exchange on the 28th, with Recruit rising further and Kioxia declining. There was also speculation that overseas investors had stepped up buying of Nikkei average futures.
The Nikkei average widened its gains to around ¥710 at the opening of the afternoon session on the Tokyo Stock Exchange on the 28th, rising to the low ¥66,800 range from the previous day. The backdrop was an increasingly bullish outlook for Japanese stocks amid strong corporate earnings, and overseas investors were seen to have stepped up buying of Nikkei average futures as the afternoon session opened. Advantest and Recruit rose further in the afternoon, while Kioxia fell further.
A basket transaction, in which domestic and overseas institutional investors trade multiple stocks as a package, was executed for approximately ¥35 billion in off-auction trading on the TSE after the morning close. As of 12:45 p.m., estimated trading value on the TSE Prime Market was ¥3,847.7 billion, while trading volume was 966.49 million shares. Taiyo Yuden rose further, and FANUC and Murata Manufacturing also gained. Meanwhile, Yokogawa Electric fell further in the afternoon, while Sumitomo Electric Industries and Terumo declined.