Tokyo stock indexes ended the last trading day of August at a monthly high, data from the exchange showed on Aug. 30.
Growth was driven by strengthening manufacturing, instrumentation and automotive sectors. The increase was supported by the end of the strengthening of the yen against the US dollar.
Japan’s benchmark Nikkei 225 index rose 285.22 points, or 0.74 percent, to 38,647.75, its highest level since July 31. Japan’s second-largest index, the Topix, added 19.61 points, or 0.73 percent, to 2,712.63, also a monthly high.
On the Tokyo Stock Exchange, the number of shares that rose in price (2,422) exceeded the number that closed in the red (1,198), and the prices of 243 shares remained practically unchanged.
In the Prime section of the exchange, the stocks of non-ferrous metals producers, shipping companies and wholesale trading companies were the leaders in growth.
Growth leaders: Furukawa Electric (+4.71%), Mercari (+4.31%) and Murata Mfg Co (+4.16%).
Top losers: Terumo Corp (-2.94%), Nitori Holdings Co Ltd (-2.88%) and Aeon (-1.88%).
The Nikkei remained mostly in positive territory in today’s trading as equity sentiment improved after the Dow Jones ended at a record high and a weaker yen boosted export-oriented stocks.
The upward revision of U.S. GDP in the April-June period to 3.0 percent from a preliminary 2.8 percent “confirmed the solid U.S. economic growth,” said Maki Sawada, investment content strategist at Nomura Securities Co.
But investors remain cautious ahead of a raft of U.S. economic data, including data on personal consumer spending for July, due later in the day and closely watched by the Federal Reserve as it measures inflation.
Among the most traded stocks in Japan, the leader for the 94th trading day was Nippon Telegraph & Telephone Corp (207.33 million), (289th consecutive session in the top five). The second place was occupied by shares of the automobile giant Toyota Motor (52.86 million) (1 pence). The third position was occupied by newspapers of the country’s main financial group, Mitsubishi UFJ Financial Group (44.53M) (26d). Shares of Mitsubishi Heavy Industries (40.87 million), (20d) remained in the fourth line. The top five trading leaders were closed by shares of the e-commerce company Rakuten (37.4 million) (4d).
The total trading volume of shares of Japanese market leaders fell today, amounting to 382.99 million, failing to reach the daily average figures for July (399.74 million), and even more so for August (427.02 million), for the twelfth day in a row.
Source: Rossa Primavera
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