The Nikkei stock index closed above 40,000 for the first time, stock market data showed on March 4.
Japan’s benchmark Nikkei 225 index rose 198.41 points, or 0.50%, to 40,109.23. During trading, the indicator briefly reached a record intraday high of 40,314.64.
The second most important Japanese index, the Topix, according to the website invsting.com, fell slightly (3 points), standing at 2,706.28.
In the stock market section of first-tier shares (Prime), shares of companies that produce precision instruments, electrical appliances and the mining industry, as well as those of technology companies, led the growth.
The Japanese market was also supported by Wall Street’s rally late last week, with the tech-heavy Nasdaq index finishing at a record high.
Growth leaders: For the second day in a row, Renesas Electronics Corp (+4.87%), Isetan Mitsukoshi Holdings (+4.56%) and SUMCO Corp (+3.98%) were among the top three.
Top losers: Kawasaki Kisen Kaisha (-6.66%), DeNA Co (-6.15%) and Aozora Bank (-5.84%).
Among the most traded shares in Japan, the leadership was occupied by the shares of Nippon Telegraph & Telephone Corp (156.42 million), (166th trading day in the ranking). The second place was taken by the shares of the usual leader – the largest financial group in the country, Mitsubishi UFJ Financial Group (66.35 million). Shares of e-commerce company Rakuten (47.61 million), (2d) rose to third position. Shares of Japan’s largest energy company, Tokyo Electric Power Co (TEPCO) (43.69 million), (14d), fell to fourth place. Completing the five main business leaders, as on Friday, the shares of the technology company Renesas Electronics (35.77 million), (2d) re-enter today among the three main growth leaders.
The total trading volume of shares of the Japanese market leaders decreased again today, amounting to 349.84 million, a figure that is still higher than the average daily level in February (336.1 million).
Source: Rossa Primavera
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