Nikkei 225 Drops 1.31% Despite Strong 2.33x Advance-Decline Ratio; Kobe Bussan Soars 8.45%

6 hours ago
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The Japanese stock market faced a decline today, with the Nikkei 225 index dropping 1.31%. Despite this downturn, the advance-decline ratio revealed a stronger performance among advancing stocks, particularly in the small-cap sector, which outperformed large-cap stocks. Notable gainers included Kobe Bussan Co., Ltd. and S-Science Co., Ltd., while Advantest Corp. and Oncolys BioPharma, Inc. struggled. Over the past month, the Nikkei has decreased by 0.41%, reflecting ongoing volatility in the market.
The Japanese stock market experienced a downturn today, with the Nikkei 225 index declining by 1.31%. Over the past five days, the index has seen a decrease of 0.86%, and it is down 0.41% over the last month.

In terms of market performance, the advance-decline ratio indicates a stronger showing among advancing stocks, with 2,486 stocks advancing compared to 1,069 declining, resulting in a ratio of 2.33x. This trend is echoed in the small-cap sector, where 1,360 stocks advanced against 376 that declined, yielding a robust ratio of 3.62x. Conversely, large-cap stocks showed a more modest advance-decline ratio of 1.85x, with 115 advancing and 62 declining.

Among the top performers, Kobe Bussan Co., Ltd. led large-cap stocks with a return of 8.45%, while Advantest Corp. lagged with a decline of 6.42%. In the mid-cap category, JMDC, Inc. rose by 4.93%, while The Japan Steel Works Ltd. fell by 7.9%. Notably, S-Science Co., Ltd. shone in the small-cap sector with an impressive return of 40.98%, while Oncolys BioPharma, Inc. faced a decline of 11.4%.

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