Nikkei 225 Drops 1.89% Amid 0.37x Advance-Decline Ratio; Sumitomo Electric Rises 3.08%
The Japanese stock market faced a significant downturn today, with the Nikkei 225 index dropping 1.89%, reflecting a broader trend of decline over the past month, down 5.93%. The advance-decline ratio highlights a tough market environment, with only 979 stocks advancing against 2,642 declining. Large-cap stocks struggled the most, while mid-cap and small-cap stocks showed slightly better performance. Notable individual performances included Sumitomo Electric Industries Ltd. gaining 3.08%, while Fujikura Ltd. fell by 8.94%. Overall, the market's challenges indicate ongoing volatility and investor caution.
The Japanese stock market experienced a notable decline today, with the Nikkei 225 index falling by 1.89%. Over the past five days, the index has decreased by 0.52%, and it has seen a significant drop of 5.93% over the last month. In terms of market performance, the advance-decline ratio indicates a challenging environment, with 979 stocks advancing compared to 2,642 declining, resulting in an overall ratio of 0.37. Large-cap stocks fared particularly poorly, with only 32 advancing against 143 declining, yielding a ratio of 0.22. Mid-cap stocks showed slightly better performance, with 57 advancing and 215 declining, while small-cap stocks had 381 advancing versus 1,366 declining.
Among individual stocks, Sumitomo Electric Industries Ltd. emerged as the top performer in the large-cap category, posting a return of 3.08%. Conversely, Fujikura Ltd. was the worst performer, declining by 8.94%. In the mid-cap sector, NS Solutions Corp. led with a return of 7.51%, while Tokyo Electric Power Co. Holdings, Inc. fell by 9.71%. Canon Electronics, Inc. stood out in the small-cap segment with an impressive return of 18.29%, while Renascience, Inc. faced a decline of 13.96%.
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