Tokyo stocks held at high levels. While the number of advancers on the Prime Market increased in the afternoon session, overall trading volume and value failed to gain momentum. At times, movements in AI-related stocks supported the market.
The Nikkei Stock Average continued to trade in a narrow range at high levels during the afternoon session and at times moved above its morning-session opening level. Gains in technology stocks continued to support the market after the afternoon session began, and the Nikkei remained firm.
As of the morning close, the Nikkei Stock Average had posted a sharp gain from the previous day, while the TOPIX also rose. Buying in AI-related stocks, including semiconductor stocks, pushed the market higher, and buying spread across the broader market at times.
By stock, 49% of issues rose and 48% fell. Trading volume was approximately 1.1 billion shares and trading value was approximately ¥4.846 trillion, with neither increasing significantly. There was also some profit-taking.
By industry, electrical equipment, nonferrous metals, and glass and ceramics products rose. The TOPIX rose by more than 40 points at one stage and at times maintained high levels through the latter part of the session.