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Movement of autonomous rebound in response to the sharp drop last weekend
The Nikkei Average marked a significant rebound for the first time in three business days. It closed the trade at 38,474.90 yen, up 421.23 yen (with an estimated volume of 1.809 billion shares traded). The buying momentum strengthened from the recoil of a more than 1,000 yen drop from the previous week, with investors' focus turning to stocks that announced good earnings such as TDK <6762>, Murata Manufacturing <6981>, Nomura <8604>, etc. The Nikkei Average regained the 38,500 yen level towards the end of the morning session. Subsequently, the market remained at a standstill around that psychological level, but in the afternoon session,
FCC, Nitto Seimo, Organo, etc.
<8136> Sanrio 4549 +517 soaring. The company announced its second quarter earnings last weekend, with operating profit for July-September reaching 12.8 billion yen, a significant increase of 74.9% compared to the same period last year, exceeding market estimates by about 3 billion yen. The full-year forecast has been revised upward from the previous 37.1 billion yen to 41 billion yen, an increase of 52.1% compared to the previous year. This level exceeds the mid-term plan of 40 billion yen until the end of March 27. The annual dividends plan has also been raised from 37 yen to 40 yen. Large-scale projects related to anniversaries, licenses.
Nikkei average rebounds significantly, after a round of buying back, a heavy upside development before the U.S. presidential election.
On the 4th, the US stock market fell. The Dow Jones fell by 257.59 points to 41,794.60, while the Nasdaq closed down 59.93 points at 18,179.98. It is believed that profit-taking sales took the lead due to uncertainty ahead of the presidential election, leading to a decline after the opening. The Dow remained weak throughout the day. The Nasdaq was supported by the decline in long-term interest rates and also found support from Nvidia's rise, which helped to stop the decline. The Tokyo market after the holiday reacted to the over 1,000 yen drop from the previous weekend.
TDK stock soared significantly, with a substantial increase in profits for the July-September period leading to an upward revision of full-year financial estimates.
TDK <6762> is soaring significantly. The company announced its second quarter financial results last weekend, with an operating profit in the July-September period reaching 75.4 billion yen, a 27.3% increase compared to the same period last year, exceeding market financial estimates by approximately 8 billion yen. The full-year forecast has been revised upwards from the previous 180 billion yen to 220 billion yen, a 27.2% increase from the previous year. The robust performance of the energy business appears to be the main reason for the positive earnings surprise. The annual dividends have also been raised from 24 yen to 28 yen. The upward revision value is in line with consensus levels when excluding temporary cost increases.
The Nikkei Average rose by 467 yen, supported by strong overseas stocks as a factor in supporting stock prices in the Tokyo market.
The Nikkei average is up 467 yen (as of 13:50). In terms of Nikkei average contribution, companies such as Fast Retailing <9983>, TDK <6762>, and Toyo Electric <8035> are among the top positive contributors, while Recruit Holdings <6098>, Yamaha <7951>, Chugai Pharmaceutical <4519>, etc., are among the top negative contributors. In the sector, securities commodity futures, nonferrous metals, transportation equipment, chemicals, and electric appliances are among the top gainers, while air transportation, other products, service industry, electric and gas industry, etc.
Active and newly listed stocks during the morning session.
*FCC<7296> 2865 - The impact of announcing a substantial increase in dividends in addition to good financial results. *Dream Incubator<4310> 2750 +426 implementing a special dividend leading to a significant increase in dividends. *Organo<6368> 7810 +1000 following a performance upward revision at the time of the first quarter financial results. *Sanrio<8136> 4595 +563 Highly rated for straightforwardly revising performance upwards. *Sumitomo Electric Industries<5802> 2609.5 +277.5 Excessive caution alleviated by performance upward revision.
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