This technical feature selects 39 Prime Market stocks that are maintaining an uptrend and have both low PERs and PBRs. It also covers market movements on 9 October and examples of individual stocks.
In the Tokyo market on the 9th, the Nikkei 225 picked up at the lower end in afternoon trading after 3 consecutive days of declines and briefly moved into positive territory, but closed ¥11 lower than the previous day at ¥69,030. The TOPIX rebounded for the first time in 3 days. There were 1,194 advancing issues, 331 declining issues and 27 unchanged issues on the Prime Market.
This feature selected 39 stocks from among those maintaining an uptrend on the Prime Market, focusing on stocks with PERs below the market average and low PBRs. The selection criteria were a forecast PER below 16.79x and a PBR below 1.75x, together with all 3 moving averages rising.
Examples included 三菱紙 (PER 8.4x, PBR 0.53x), 加賀電子 (PER 8.8x, PBR 1.34x) and 北陸電 (PER 9.0x, PBR 0.48x). The table also lists several other stocks, for a total of 39.
This information is provided for reference, and each investor should make their own final trading decisions. Stock names and metrics are based on the descriptions in the article.