Buying in AI- and semiconductor-related stocks prevailed this week, and the Nikkei Average rebounded. The number of stocks setting new all-time highs reached 52, including 網屋, OBIC, Shin-Etsu Polymer and Konami Group.
The Nikkei Average moved modestly higher this week as buying prevailed against the backdrop of US IPO trends. As the broader market rose, the number of stocks setting new all-time highs reached 52. These stocks have reportedly attracted attention as “blue-sky” stocks with no previous resistance levels.
Among the main stocks setting new highs, 網屋 raised its full-year earnings forecast, OBIC and Shin-Etsu Polymer revised their earnings forecasts, Tokio Marine Holdings raised its earnings and dividend forecasts for the current fiscal year and announced a share buyback, and Konami Group also raised its earnings and dividend forecasts for the current fiscal year. In addition, 25 companies, including BayCurrent and Yoshinoya Holdings, set new highs for a second consecutive week.
By sector, information and communications had the largest number, with 12 stocks, while many stocks in machinery, wholesale, retail, services and other sectors also set new all-time highs. The stocks mentioned included OBIC, Konami Group and Shin-Etsu Polymer.