The SVT Index fell 0.63% to 13,404.0 points on 28 October. While gains among watch-related stocks stood out, broad-based selling weighed on the index.
The SVT Index, comprising 96 fashion and beauty-related stocks in Japan, fell 85.1 points, or 0.63%, from the previous day to 13,404.0 points. There were 74 decliners, 15 advancers and 7 unchanged stocks, indicating broad-based selling.
Seiko Group recorded the largest gain at +3.82%, followed by Citizen Watch at +1.78%. As a result, the domestic watch-related stocks known as “J-Watch” occupied the top 2 positions in the gainers’ ranking.
Sankyo Seiko recorded the largest decline at −4.40%, followed by TABAYA Holdings at −3.37% and AXXZIA at −3.26%. Fast Retailing fell for a third straight day. In relation to UNIQLO, the company announced on 27 October that it would cancel its planned price revisions.
Seiko Group contributed +8.61 points to the index, while Citizen Watch contributed +2.46 points, making the contribution from advancing stocks significant.