The Nikkei 225 extended its gains sharply on the 28th, closing at ¥63,954.19. Funds flowed into AI-related stocks, and Sakura Internet hit its daily price limit after announcing a commemorative dividend for its 30th anniversary.
The Nikkei 225 extended its gains sharply on the 28th, ending trading around ¥63,954, up approximately ¥689. The index widened its gains from the open and briefly moved above the ¥64,000 threshold during the day, but ultimately closed slightly below ¥64,000.
Trading value on the TSE Prime Market was estimated at ¥8.07 trillion. By sector, glass and ceramics, nonferrous metals and electrical appliances rose, while insurance, foods, oil and coal declined. Funds concentrated in AI-related stocks, and Kioxia Holdings surged.
Sakura Internet attracted buying in the afternoon session after announcing a commemorative dividend for its 30th anniversary and an upward revision to its outlook, and hit its daily price limit. Meanwhile, Tomen Devices was sold heavily in the afternoon and hit its daily price limit down, as its unchanged full-year outlook disappointed despite substantial profit growth in the first half.
Growth stocks and the TOPIX often weakened, and a wait-and-see stance spread across the market despite the Nikkei 225's sharp gains.