This article outlines 3 points to watch in the morning session, along with the characteristics of supply and demand that make funds more likely to shift toward TOPIX-linked stocks. It summarizes practical points for observation based on market movements.
One point to watch in the morning session is the presence of supply-and-demand conditions that make funds more likely to shift toward TOPIX-linked stocks. Specific factors include divergences between cash and futures market movements, the performance of stocks with a high contribution to TOPIX, and changes in trading volume.
In addition, recent trading trends may indicate imbalances in supply and demand in both the cash and futures markets. These factors may affect the morning session's performance and may also be reflected in individual stock price movements.
Finally, points to watch among related stocks include the performance of stocks with a high contribution to TOPIX and factors affecting the index's composition. This suggests that the morning session's market performance may, in some circumstances, move in line with broader market trends.