As the Nikkei 225 fell by approximately ¥1,000 at one point, the article reviews the circumstances of stocks that hit year-to-date highs and those that rose against the market. It reports on the movements of “red-label stocks” seen in a declining market and provides material for interpreting market sentiment.
In a weak market, the Nikkei 225 was sold down by approximately ¥1,100 from the previous day at one point and closed down approximately ¥396. Against this backdrop, attention focused on individual stock movements, and the article examines the stocks that hit year-to-date highs and those that rose against the market. It takes as its central theme Tachibana Securities' market saying, “Beware red-label stocks on days of market crashes,” comparing the aggressiveness of buyers with the presence or absence of supporting factors.
During the Nikkei 225's sharp decline, the number of new highs on the Prime Market fell to 7 stocks from the previous day, while the number of new lows expanded to 38. These indicators suggest that individual stocks may diverge from the broader market trend as buying appetite across the market declines. It was also noted that the 29th was the ex-dividend date for September fiscal year-end stocks, and that some figures were compiled after excluding the impact of the ex-rights adjustment.