Nikkei 225 Rises 0.43% as NEXON Soars 8.52% Amid Strong Market Confidence
The Japanese stock market exhibited strong upward momentum, with the Nikkei 225 index increasing by 0.43% today and gaining 6.19% over the past month. NEXON Co., Ltd. led large-cap stocks with an 8.52% return, while Rakuten Bank Ltd. faced a 5.27% decline. In the mid-cap sector, MODEC, Inc. surged by 26.07%, contrasting with SUMCO Corp.'s 20.16% drop. Small-cap stocks also thrived, highlighted by MTG Co., Ltd.'s 19.07% gain. Overall, the market showed a favorable advance-decline ratio of 3.06x, particularly strong in small caps at 4.17x, reflecting positive investor sentiment.
The Japanese stock market showed positive momentum today, with the Nikkei 225 index rising by 0.43%. Over the past five days, the index has gained 1.57%, and it has surged by 6.19% in the last 30 days, indicating a robust upward trend.In terms of individual stock performance, NEXON Co., Ltd. emerged as the top performer in the Large Cap category, achieving a return of 8.52%. Conversely, Rakuten Bank Ltd. struggled, posting a decline of 5.27%. The Mid Cap sector saw MODEC, Inc. leading with an impressive return of 26.07%, while SUMCO Corp. faced challenges, declining by 20.16%. In the Small Cap segment, MTG Co., Ltd. excelled with a return of 19.07%, while Fuso Dentsu Co., Ltd. lagged behind with a drop of 17.73%.
Overall, the market displayed a strong advance-decline ratio, with 2,724 stocks advancing compared to 890 declining, resulting in a ratio of 3.06x. This positive sentiment was reflected across all market caps, particularly in Small Caps, where the ratio reached 4.17x.
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