As of 1 p.m., the Nikkei Average was trading at 64,715.50, up ¥640 from the previous day. Advantest's contribution was cited as the main factor pushing up the Nikkei Average and driving the market's movement.
As of 1 p.m., the Nikkei Average was trading at 64,715.50, up ¥640.08 from the previous day, with the number of advancing stocks on the TSE Prime Market substantially exceeding the number of decliners. The Nikkei Average has extended its gains on contributions from selected stocks. Advantest and Ibiden were particularly notable among the gainers. The increase may fluctuate as trading progresses during the day.
Advantest was the top positive contributor to the Nikkei Average, adding ¥90.61. SBG, Tokyo Electron, Ibiden and Fujikura also contributed, creating a market structure in which individual stocks' contributions are supporting the broader market. KDDI was among the stocks making a negative contribution, weighing on the broader market.
By sector, 26 of the 33 sectors advanced. Nonferrous metals led the gains, while banks, insurance and precision instruments were also among the advancing sectors. Pulp and paper, rubber products and mining were among the leading negative contributors. Overall, reports indicated that buying-back activity was concentrated in semiconductor-related stocks.
According to Kabutan News, as of 13:00:07, the Nikkei Average was up ¥640.08 from the previous day at 64,715.50, with trading trends, contribution levels and sector movements also reported.