The Nikkei Average opened at ¥70,081.53, up ¥134.67 from the previous day, with buying leading the market, although profit-taking also emerged after the initial buying subsided. The broader market continued to rise in the morning session on the 6th.
In the morning session on the 6th, the Nikkei Stock Average rose ¥134.67 from the previous day to ¥70,081.53, while the TOPIX also continued to advance, up 18.39 points at 4,163.61. Buying and selling were mixed immediately after the open, but by 10:11 a.m. the Nikkei Average had risen as much as ¥469.92. After the initial buying subsided, the market turned to profit-taking. The exchange rate was around ¥157 to the dollar.
Trading volume on the TSE Prime Market was 897.19 million shares, with trading value of ¥3.3927 trillion. The number of advancing issues was 1,068, declining issues 409, and unchanged issues 74.
By sector, steel and nonferrous metal stocks rose, while insurance and bank stocks were also higher. Some machinery stocks declined. Advancers included Nippon Steel, JFE Holdings, Mitsui Kinzoku, Fujikura and MS&AD. Decliners included Mercari, SoftBank Group, Komatsu and Mitsubishi Heavy Industries.
Provided by Wealth Advisor Co., Ltd.