Nikkei 225 Plummets 2.58% as Advance-Decline Ratio Hits 0.17x; Ryohin Keikaku Soars 13.41%
The Japanese stock market faced a significant decline today, with the Nikkei 225 index dropping 2.58% and a total decrease of 3.57% over the past week, despite a monthly gain of 4.64%. Individual stock performances varied widely; Ryohin Keikaku Co., Ltd. led Large Cap stocks with a 13.41% increase, while MonotaRO Co., Ltd. fell by 9.99%. Mid Cap and Small Cap stocks also showed mixed results, with Sugi Holdings and Naikai Zosen Corp. posting gains, while Metaplanet KK and Wantedly, Inc. struggled. The overall market sentiment remains weak, reflected in a low advance-decline ratio of 0.17x.
The Japanese stock market experienced a notable downturn today, with the Nikkei 225 index declining by 2.58%. Over the past five days, the index has seen a more significant drop of 3.57%, although it remains up by 4.64% over the last month. In terms of individual stock performance, Ryohin Keikaku Co., Ltd. emerged as the top performer in the Large Cap category, achieving a return of 13.41%. Conversely, MonotaRO Co., Ltd. faced challenges, recording a decline of 9.99%.
Mid Cap stocks also displayed mixed results, with Sugi Holdings Co., Ltd. leading the pack with a return of 3.77%, while Metaplanet KK struggled, posting a loss of 12.36%.
Among Small Cap stocks, Naikai Zosen Corp. stood out with a remarkable return of 19.43%, while Wantedly, Inc. faced a significant decline of 15.51%.
Overall, the market's advance-decline ratio reflects a challenging environment, with 550 stocks advancing against 3,170 declining, resulting in a ratio of 0.17x. This trend is echoed across Large Cap, Mid Cap, and Small Cap categories, indicating a broader market struggle.
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