2024-03-28 09:48:43
On March 28th, the Nikkei Stock Average on the Tokyo stock market fell by 594.66 yen from the previous business day to 40,168.07 yen, closing down. The photo was taken in February in Tokyo (2024 Reuters/Issei Kato)
TOKYO (Reuters) – On the Tokyo stock market, the Nikkei average fell by 594.66 yen from the previous business day to 40,168.07 yen, closing down. Today was the ex-date for dividends and shareholder benefits for stocks that closed at the end of March, which pushed down the index, resulting in a slight decline in real terms. Some pointed out that there was profit-taking selling ahead of the end of March.
The Nikkei Stock Average started the day with a decline of 438 yen compared to the previous trading day. Thereafter, the decline was seen to slow down at times, but the selling became stronger again. Some of the stocks with a large contribution to the index and semiconductor-related stocks fell in value, and the Nikkei Stock Average at one point fell by more than 700 yen to 40,054.06 yen. On the other hand, there were some signs of cyclicality, with stocks that had recently been sold being bought.
In the market, “Japanese stocks have a heavy top price due to ex-dividends and some investors seem to be selling to take profits ahead of the end of March,” said Atsushi Ishigane, chief fund manager at Mitsubishi UFJ Asset Management. The reception was asked.
Many market participants have voiced their interest in exchange rate trends, saying, “There is also a sense of caution about foreign exchange intervention by the authorities, and export stocks are no longer being bought just because the yen continues to be weak.” (Domestic Securities/Strategist) Mitsubishi UFJAM’s Ishigane said, “Given that the yen will eventually reverse its appreciation, I think it’s okay to buy the domestic demand sector.”
TOPIX closed 1.73% lower at 2,750.81 points. The trading value on the TSE prime market was 4,913,440 million yen. The TSE Prime Market Index was 1,415.86 points, down 1.73% from the previous business day. Among the 33 industries on the TSE, 32 industries other than mining saw prices fall. Prices of pulp and paper, land transportation, and steel were all markedly lower.
Individually, Tokyo Electron (8035.T), opens new tab are down slightly, Advantest (6857.T), opens new tab are down over 1%, and Shin-Etsu Chemical (4063.T), opens new tab are down over 3%. It was cheap. Fast Retailing (9983.T), opens new tab, and SoftBank Group (9984.T), opens new tab, which have a large index contribution, were slightly lower. In the emerging stock market, the TSE Growth Market 250 Index fell 0.60% to 734.79 points, falling for the fifth day in a row. Newly listed Information Strategy Technology (155A.T), opens new tab opened at 1,021 yen, 2.21 times the public price, and rose to 1,321 yen. Also newly listed, Caulis (153A.T), opens new tab opened at 2,875 yen, 87.9% higher than the public price, and rose to 3,225 yen at one point. The transaction closed at 2,957 yen.
In the prime market, 224 stocks rose (13%), 1,362 stocks (82%) fell, and 24 stocks (1%) remained unchanged.
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