The SVT Index rose 2.14% from the previous day to 12,872.4 points on 30 September. Fast Retailing, Ryohin Keikaku and ASICS drove the index higher.
The SVT Index, comprising fashion and beauty stocks listed in Japan, rose by 269.6 points from the previous day to 12,872.4 points on 30 September, with the overall index posting a sharp gain. Its market capitalisation was approximately ¥43 trillion, up by around ¥900 billion from the previous day. Buying returned to AI and semiconductor-related stocks, while funds also flowed back into major stocks. As the broader market rebounded, large, globally active companies in the fashion and beauty sectors posted particularly notable gains.
The 3 stocks that drove the index higher were Fast Retailing, Ryohin Keikaku and ASICS, each of which gained around 3%. The top 3 stocks contributed approximately 226.43 points in total, accounting for around 84% of the SVT Index’s gain. Fast Retailing made the largest contribution on 30 September, followed by ASICS and Ryohin Keikaku.
The top daily gainers were Takihyo at +5.13%, MTG at +3.36%, Ryohin Keikaku at +3.33%, Fast Retailing at +3.13% and Workman at +3.04%. Among decliners, Atsugi led with a decline of -5.31%, followed by I-ne at -4.11% and Festaria Holdings at -2.11%.
A major factor behind the rise in the SVT Index was the large contribution from the top 3 companies, which had a significant impact on the overall move. Funds also returned to the fashion and beauty sector amid the impact of falling crude oil prices and the outlook for US interest rates.