Nikkei 225 Soars 1.35% as SoftBank Leads Large Caps with 5.69% Gain!
The Japanese stock market experienced a positive day, with the Nikkei 225 index rising 1.35% and reflecting a 3.61% gain over the past week and an 8.04% increase over the month. SoftBank Group Corp. led large-cap gains at 5.69%, while NIDEC Corp. fell 3.55%. In the mid-cap sector, Metaplanet KK surged 10.09%, contrasting with Fuyo General Lease's 7.49% decline. Small-cap stocks showed mixed results, with Koa Corp. up 22.18% and Toyo Engineering down 9.88%. Overall, the market's advance-decline ratio was 0.82, indicating more stocks declined than advanced.
The Japanese stock market showed positive momentum today, with the Nikkei 225 index rising by 1.35%. Over the past five days, the index has gained 3.61%, and it has surged 8.04% over the last month, indicating a robust recovery in market sentiment.In the large-cap segment, SoftBank Group Corp. emerged as the top performer, delivering a return of 5.69%. Conversely, NIDEC Corp. struggled, posting a decline of 3.55%. The mid-cap sector saw Metaplanet KK leading with a notable return of 10.09%, while Fuyo General Lease Co., Ltd. faced challenges, declining by 7.49%. Among small-cap stocks, Koa Corp. excelled with a remarkable return of 22.18%, while Toyo Engineering Corp. lagged, down by 9.88%.
The overall advance-decline ratio across the market reflected a challenging environment, with 1,599 stocks advancing compared to 1,949 declining, resulting in a ratio of 0.82. In the large-cap category, the ratio was more favorable at 1.08, with 91 advancing stocks against 84 declining. Mid-cap stocks also showed slight positivity with a ratio of 1.02, while small-cap stocks faced more headwinds, with a ratio of 0.77.
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