Nikkei 225 Edges Up 0.07% as Eisai Co. Soars 7.4% Amid Mixed Market Sentiment
The Japanese stock market displayed mixed results, with the Nikkei 225 index slightly rising by 0.07% despite a 1.3% decline over the past month. Eisai Co., Ltd. led large-cap gains at 7.4%, while SoftBank Group Corp. faced a significant loss of 9.95%. In mid-caps, Kokusai Electric Corp. rose by 6.69%, contrasting with a 6.41% drop for Tokyo Electric Power. The small-cap sector saw The Zenitaka Corp. excel with a 10.74% return, while Convano, Inc. fell by 12.9%. Overall, the market had a slight positive advance-decline ratio of 1.09.
The Japanese stock market exhibited mixed performance today, with the Nikkei 225 index inching up by 0.07%. However, over the past month, the index has seen a decline of 1.3%. In the large-cap segment, Eisai Co., Ltd. emerged as the top performer, delivering a return of 7.4%, while SoftBank Group Corp. struggled, posting a loss of 9.95%. In the mid-cap category, Kokusai Electric Corp. led with a return of 6.69%, contrasting with Tokyo Electric Power Co. Holdings, Inc., which faced a decline of 6.41%. The small-cap sector saw The Zenitaka Corp. shine with a notable return of 10.74%, while Convano, Inc. lagged behind with a significant drop of 12.9%.
Overall, the advance-decline ratio across the market showed 1,865 stocks advancing compared to 1,715 declining, resulting in a ratio of 1.09. In the large-cap space, 83 stocks advanced against 92 declines, yielding a ratio of 0.9. Mid-cap stocks fared better with 152 advancing and 119 declining, resulting in a ratio of 1.28, while small-cap stocks saw 817 advancing and 907 declining, also at a ratio of 0.9.
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