Buying led from the opening in the Tokyo market, with the Nikkei Average extending its gains sharply to ¥65,600, up ¥579 from the previous day. Market conditions ahead of developments in U.S. markets and the SQ calculation also had an impact, while the effects of constituent changes were being watched.
Buying dominated this morning’s Tokyo stock market, with the Nikkei Average rising ¥579 from the previous day to ¥65,600 at the open and extending its gains.
JX Advanced Metals was among the top stories, surging. The company was announced as a new constituent of the Nikkei Average, prompting buying on expectations of fund inflows from funds tracking the index.
NEC Corporation fell after reports that it had halted development of a working quantum computer.
Capcom showed a buy indication in the regular review of the Nikkei Average constituents. JX Advanced Metals and KOKUSAI ELECTRIC were cited as new additions, along with other companies slated for removal.
Several stocks showed special buy indications, with Kioxia Holdings leading the list. By contrast, selling exceeded buying in stocks such as TIER IV, and their subsequent movements require close attention.