The Nikkei ended trading on Thursday at a two-month high, stock data shows on Feb. 16.
Analysts attribute this to the improvement in the mood of stock market players after the publication of US economic indicators, which turned out to be better than expected. As a result, all Asian stock markets rose.
Japan’s benchmark Nikkei 225 index rose 194.58 points (0.71%, the highest daily gain since Jan. 25) to 27,696.44, its highest close since Dec. 15. The media reported that “the index hit a two-month high.” Formally, this is true, but there is something cunning in this: the index showed almost the same value, 27,693.65 (a difference of three points), recently, on February 6. And they also wrote about a maximum of two months. Given the lethargy of the Japanese market, which hasn’t broken into the 28,000 zone for a long time, the desire to brighten up the picture is understandable, but the reality won’t change much from this.
But the second largest Japanese Topix index grew 13.35 points (0.67%) and, despite this small addition, surpassed the psychological border of 2K, showing a result of 2,001.09. Topix hasn’t been seen in zone 2000 since November 28! That is, this is a real maximum of 2.5 months.
In the stock section of the first level shares (Prime), the shares of trucking companies, companies in the rubber industry and shipping companies were in the lead.
Growth leaders: Mitsubishi Motors Corp (+4.30%), Nissan Motor (+4.10%) and Mazda Motor (+3.69%).
Fall leaders: Sapporo Holdings (-3.59%), Aozora Bank (-1.72%) and Pacific Metals (-1.65%).
First place at the top of Japan’s most traded stocks for the ninth day is held by shares of the country’s largest financial group, Mitsubishi UFJ Financial (64.98M). Shares of one of today’s growth leaders (+4.10%), Nissan Motor Automobile Corporation (33.23M), returned to second place. The third position was occupied by papers from the Japanese automobile giant Toyota Motor (29.79M), which marked its fifth day in this top. In the fourth line, shares of the well-known e-commerce company Rakuten (25.82 million). Rounding out the top five trades was automotive paper Mitsubishi Motors (18.17M).
From this, it can be seen that the total trading volume of shares of major companies today decreased slightly compared to Thursday and amounted to 171.99 million, which basically corresponds to the two-week average value of 178.69. millions.
Source: Rossa Primavera
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