The key points from the morning session were the Nikkei Average's 550-yen gain from the previous day and the continued strength across the broader market as the TOPIX advanced. The report outlines the Nikkei Average, trading volume and stock movements.
The Nikkei Average rose 550.09 yen from the previous day to 66,682.88 yen during the morning session on the 28th, rebounding from its previous decline. The TOPIX rose 35.16 points to 4,152.38, marking its first gain in seven sessions. Selling led the market in the early morning, but buying on dips gathered momentum, and the Nikkei Average reached a high range at 11:20 a.m.
Trading volume on the TSE Prime Market was 850.77 million shares, with trading value of ¥3.3898 trillion. The number of advancing issues was 832, compared with 655 decliners and 66 unchanged issues.
By sector, 20 of the 33 sectors advanced and 13 declined. Gainers included Other Products stocks such as ASICS and Nintendo, as well as Services stocks such as Dentsu Group and Recruit Holdings. Decliners included Rubber Products and Construction stocks.
Information and Communications stocks also stood out for their gains, while some stocks came under selling pressure. The market as a whole maintained a firm tone.