Japan’s domestic stock market on 11 September saw the Nikkei average come under heavy selling before bargain hunting emerged, while activity intensified among individual stocks on the TSE Prime Market. Stocks that hit their daily price limits for the second consecutive day also attracted attention amid the aftereffects of dividend increase announcements.
The Nikkei Stock Average came under initial selling pressure on 11 September, influenced by the previous day’s US market, but buying emerged toward the afternoon session. The index nevertheless closed sharply lower than the previous day. Against the backdrop of interest-rate trends in Japan and the US and movements in crude oil prices, some stocks also saw considerable volatility.
Trading volume on the TSE Prime Market was 2.372 billion shares, while trading value increased from the previous day to ¥8.712923 trillion. By industry, insurance, marine transportation and transportation equipment rose, while nonferrous metals, electrical equipment, petroleum products, services and chemicals declined.
Among individual stocks, the top gainers included エアトリ, ファーマフーズ and ワイ・ティー・エル・コーポレーション・バーハッド, while the leading decliners included gumi, クミアイ化学工業 and レゾナック・ホールディングス. The number of stocks renewing their year-to-date highs and the number renewing their year-to-date lows were also reported.
The article reviews movements in the Nikkei average and individual stocks, as well as the performance of the leading gainers and decliners. The feature on the next page focuses on the three top percentage gainers on the TSE Prime Market.