Individual investors were net sellers of ¥115.5 billion in cash equities in the fourth week of August, with notable profit-taking in undervalued stocks. The Nikkei Average posted a modest weekly gain of ¥389, while trading remained light as overseas investors took summer holidays.
According to data compiled by the Tokyo Stock Exchange and Nagoya Stock Exchange on stock trading by investor type, individual investors were net sellers of ¥115.5 billion in cash equities in the week of 24-28 August. This marked the first net selling in two weeks, with contrarian-oriented individual investors apparently taking profits in undervalued stocks.
The Nikkei Average rose ¥389, or 0.58%, for the week, while trading remained light. The fact that overseas investors were taking summer holidays was cited as one factor behind the subdued activity.
The article links individual investors' net selling with movements in undervalued stocks, suggesting that readers should closely monitor future developments and the response of undervalued stocks.