The morning Nikkei Stock Average rebounded, and the market was underpinned by individuals looking for financial results

 

The Nikkei Stock Average rose 131.63 yen from the previous business day to 27,933.27 yen on the Tokyo stock market in the morning. Individuals looking for financial results became active, supporting the market.

All three major U.S. stock indexes rose last weekend. Continuing this trend, Japanese stocks also got off to a solid start in the morning. At one point, there was a lack of sense of direction, such as going back and forth between negative and positive territory, but once the firmness of the lower price was confirmed, the price moved firmly into the positive territory. In addition to solid performance in semiconductor-related stocks, the search for individual materials also spread.

In the market, a voice was heard saying, ``We have confirmed the strong financial results of a group of companies with a high global market share that can be said to be international blue-chip stocks, and we are seeing a rise in stock prices.'' Individually, Shin-Etsu Chemical Co., Ltd., Fanuc, etc., which had announced good financial results, were bought.

Regarding the direction of the Nikkei Stock Average, some market participants said that it was "basically upward" (another domestic security). It is necessary,” said Keiji Oikawa, head of the stock information division at Ichiyoshi Securities. Mr. Oikawa said that if a number of strong domestic earnings results were confirmed, it would lead to a boost in the Nikkei Stock Average.

TOPIX closed the morning at 1951.81 points, up 0.59%. The trading value of the Tokyo Stock Exchange prime market was 1,616,118 million yen. Of the 33 industries on the Tokyo Stock Exchange, prices rose in 24 industries, including shipping, transportation equipment, and air transportation, while prices fell in nine industries, including electricity and gas, metal products, and pharmaceuticals.

Separately, ZOZO, which announced strong financial results, rose 11%, while Sony Group, which lowered its full-year earnings forecast last weekend, fell 5%. Fast Retailing, which has a large contribution to the index, is cautious. On the other hand, the SoftBank Group fell 1%.

In the TSE prime market, 1,300 stocks (70%) rose, 457 stocks (24%) fell, and 79 stocks (4%) remained unchanged.