The Nikkei 225 rebounded for the first time in 4 sessions in the morning session on the 3rd, rising ¥130.19 from the previous day to ¥64,455.83, but lacked direction in the latter half as selling pressure from investors waiting to sell into a rebound weighed on prices amid concerns over long-term interest rates.
The Nikkei 225 rebounded for the first time in 4 sessions, rising ¥130.19 from the previous day to ¥64,455.83, while the TOPIX also advanced. Buying led at the open, but the market again lacked direction amid concerns over rising long-term interest rates, and at times during the session the Nikkei turned lower from its high.
Trading volume on the TSE Prime Market was 945.73 million shares, with turnover of ¥3.4424 trillion. Advancing issues numbered 1,030, declining issues 458, and unchanged issues 66. By sector, 23 of the 33 sectors rose and 10 fell.
Stocks contributing to the advance included Idemitsu Kosan, ENEOS, Mitsui & Co., Mitsubishi Corporation and Nippon Steel among the iron and steel stocks. Securities and futures-related stocks, marine transportation stocks, banks and electric power stocks also performed firmly, while mining stocks and some nonferrous metal stocks moved lower.
By individual stock, Nitori Holdings, Air Water, Nittetsu Mining and Procrea rose, while Hochiki, Nichicon, Meiko, Bengo4.com and Nitto Boseki fell.