The Nikkei stock index closed at a record high for the second day in a row on Monday, stock data for February 26 showed.
Japan’s benchmark Nikkei 225 index rose 135.03 points, or 0.35%, to a record high of 39,233.71. The Topix index closed with a rise of 12.91 points (0.49%), reaching its highest level since February 1990 with 2,673.62 points. We remind you that the Japanese stock exchanges were closed on Friday due to a holiday: the emperor’s birthday.
In the prime stock section of the stock market (Prime), the growth leaders were the stocks of pharmaceutical companies, companies manufacturing precision instruments and banks.
“Japanese stocks are considered cheap, with the added benefit of a weak yen. And low interest rates, inflation and relatively low valuations make Japanese stocks even more attractive to foreign investors,” said Seiichi Suzuki, chief equity analyst at Tokai.
Growth leaders: shares of Chugai Pharmaceutical (+6.37%), Kawasaki Heavy Industries (+4.44%) and TOTO (+4.30%), which recovered from Thursday’s decline.
Top losers: Nexon Co Ltd (-3.49%), Dainippon Screen Mfg (-3.47%) and Asahi Group Holdings (-2.69%).
Among the most actively traded stocks in Japan, the lead for the twenty-first day in a row is occupied by the shares of Nippon Telegraph & Telephone Corp (211.87 million), (161st trading day in the ranking). The second place was taken by the shares of the usual leader – the country’s largest financial group, Mitsubishi UFJ Financial Group (81.58 million). Shares of Japan’s largest energy company, Tokyo Electric Power Co (TEPCO) (74.73 million), (9d), fell to third position. The fourth line was occupied by the shares of the automobile giant Toyota Motor (36.88 million), (4d).
The top five trading leaders were closed by the securities of the e-commerce company Rakuten (33.35 million), (1d).
The ceiling today was green, as the quotes of all its participants showed growth, and the total trading volume of shares of the leaders of the Japanese market today increased again, amounting to 438.41 million, which is much more than the daily average for the last 30 days (318M).
Source: Rossa Primavera
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