The Nikkei 225 came under early selling pressure on 31 August due to expectations of US rate hikes, but buying returned later, and a restaurant chain stock surged on the news to become the top percentage gainer among individual stocks on the TSE Prime Market.
In Tokyo trading on 31 August, selling led the market in early trading as rising long-term interest rates and declines in semiconductor stocks, influenced by the US market at the end of the previous week, weighed on sentiment. The Nikkei 225 briefly fell below ¥65,000, but buying returned in response to the sell-off and the index recovered toward the end of the session. The Nikkei 225 ended trading at ¥66,311.93, down ¥93.63 from the previous day. Advantest, TDK, Murata Manufacturing, Lasertec and Chugai Pharmaceutical were among the stocks with the lowest contributions, weighing on the Nikkei 225, while Fast Retailing, Kioxia Holdings, Recruit Holdings, Fujikura and SoftBank Group were among the top contributors.
Trading volume on the TSE Prime Market was 2.674 billion shares, while trading value was ¥9.358375 trillion, both higher than on the previous day. By sector, electricity and gas, mining, oil and coal products, services, and glass and ceramics products rose, while air transportation, securities, marine transportation, machinery and real estate declined. Among the top gainers, 壱番屋 rose ¥150 to ¥1,091, クオンツ総研ホールディングス rose ¥105 to ¥1,211, and Appier Group rose ¥116 to ¥1,437. Among the top decliners, 松屋 fell ¥500 to ¥2,262, アイダエンジニアリング fell ¥138 to ¥1,180, and 日本エム・ディ・エム fell ¥78 to ¥729.
In addition, 113 stocks hit new year-to-date highs, while 1 stock hit a new year-to-date low.
Further to the above: The article positions the surge in a restaurant chain stock, against the backdrop of media reports surrounding a potential going-private transaction, as the main topic. Although the article specifies the name and figures for the restaurant chain stock’s movement, its overall focus is a report on market gains and losses and a summary of movements in the Nikkei 225.