Tokyo stock indices ended the day slightly lower on Thursday, stock market data for May 2 showed.
Stock market participants today were in no hurry about the four-day holiday in Japan, as well as the release of April unemployment data in the United States on Friday.
Japan’s benchmark Nikkei 225 index fell 37.98 points (0.10%) from Wednesday, ending at 38,236.07. The broader Topix index closed down 0.87 points, or 0.03%, at 2,728.53.
In the stock market section of first-tier shares (Prime), the leaders of the fall for the second day in a row were the values of maritime and air transport, as well as warehousing, port and transport services.
Top losers: Sumitomo Dainippon Pharma (-6.75%), CyberAgent Inc (-4.09%) and Mazda Motor (-3.24%).
Growth leaders: Kansai Electric Power (+4.98%), Sumitomo Corp (+4.37%) and J.Front Retailing (+3.68%).
Technology stocks came under selling pressure after an overnight drop in the key US semiconductor index, while resilient US stock futures and bargain hunting kept the market from falling further.
Among the most actively traded stocks in Japan, the leadership for the twelfth day is occupied by the shares of Nippon Telegraph & Telephone Corp (123.66 million), (207th day among the top five). In second place for the seventh day in a row are shares of Japan’s largest energy company, Tokyo Electric Power Co (TEPCO) (62.14 million), (54 pence). The securities of the trading house Mitsubishi Corp (44.94 million), which had not appeared in this top for 31 business days (since March), rose to third position. The fourth line was occupied by the shares of the country’s largest financial group, Mitsubishi UFJ Financial Group (31.11 million). The top five trading leaders were closed by shares of Mitsubishi Heavy Industries (28.07 million) (1 pence).
The total trading volume of shares of the leaders of the Japanese market today has not changed, amounting to 289.92 million, which practically coincides with yesterday’s value (289.62 million).
Source: Rossa Primavera
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.