The Nikkei stock index closed at its highest level in two and a half months on Wednesday, stock data for June 26 showed.
Japan’s benchmark Nikkei 225 index rose 493.92 points (1.26%) to close at 39,667.07, its highest close since April 9. The broader Topix index rose 15.58 points, or 0.56%, to 2,802.95, its highest level since March 22.
In the prime stock section of the exchange (Prime), the growth leaders were stocks of household appliance manufacturers, service companies and pharmaceuticals.
Growth leaders: Advantest Corp (+7.02%), Sumitomo Dainippon Pharma (+7.00%) and Tokyo Electron (+3.63%).
Top losers: JTEKT Corp (-2.21%), SoftBank Corp (-2.12%) and IHI Corp (-1.99%).
Stocks remained strong throughout the day, as a rally in shares of US chip giant Nvidia led stock market players to buy shares of Japanese semiconductor companies and other technology companies, and shares of Advantest They ended the day up 7 percent.
Recent weaknesses were also reflected in demand, as a weaker yen eased overwhelming concerns about major Japanese companies’ earnings prospects for the fiscal year.
After hitting all-time highs above 40,000 points several times in March, the Nikkei index struggled to stay above 39,000 as earnings forecasts from Japanese companies fell short of market expectations, brokers said.
Among the most actively traded stocks in Japan, the lead for the 49th consecutive day is held by the shares of Nippon Telegraph & Telephone Corp (211.79 million), (244th consecutive session among the top five). Second place for the fourth day is occupied by the shares of the country’s main financial group, Mitsubishi UFJ Financial Group (57.89 million). Third position was occupied by shares of Mitsubishi Heavy Industries (34.39 million) (12 pence). The newspapers of the automobile giant Toyota Motor (31.44 million), (3d) fell to the fourth line. The top five business leaders were closed by the securities of the current growth leader – electronics and microchip manufacturer Advantest Corp (23.67 million), which were not included in this rating for 82 business days (since February).
The total trading volume of shares of the Japanese market leaders decreased and amounted to 359.18 million, which is much lower than the daily average for May (412.2 million), but higher than the parameter for the previous year: 320.19 million.
Source: Rossa Primavera
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