The Nikkei ended trading up ¥553.84 at ¥67,524.06 in Tokyo trading on the 12th, while TOPIX hit a new high for the first time in about a month. Buying led from the opening, and the index extended its gains again in the afternoon, with the yen's weakness against the dollar providing an additional tailwind.
The Nikkei ended trading up ¥553.84 from the previous day at ¥67,524.06 in Tokyo trading on the 12th, recovering the ¥67,000 range on a closing basis. TOPIX rose 38.39 points to 4,139.00, hitting a new high for the first time in about a month.
The Nikkei was at one point up nearly ¥599 during the day. Trading value on the TSE Prime Market came to ¥9.4421 trillion, while trading volume totaled 2.52278 billion shares (2.83541 billion shares as of the evening edition). There were 984 advancing issues and 530 declining issues, with buying prevailing.
By sector, gains were particularly pronounced among nonferrous metal and bank stocks, while semiconductor-related, mining and services stocks were also firm. Rubber products and marine transportation stocks, on the other hand, were weak. Among individual stocks, advancers were numerous, while decliners included Sanrio and Rakuten Group.
Technically, the Nikkei recovered its key moving averages, although trading remained marked by awareness of resistance at higher levels. The advance-decline ratio was 113.17%, indicating limited signs of overheating, and the outlook was for trading to continue while investors assessed currency movements and overseas market trends.