■Situation where it is difficult to determine that investor sentiment has improved
Emerging markets rebounded this week. As for the gain/fall rate for the same period, the Nikkei Average was -0.41%, while the growth market index was +1.40% and the growth market 250 index was +1.70%, making emerging markets relatively strong. In response to rising interest rates between Japan and the US, high-tech stocks were weakly included in the prime market, while capital outflows continued in the growth market, breaking year-to-date lows every day. The Growth Market 250 Index sank to a low level since 2020, breaking the psychological milestone of 600 units on 5/30. Since main stocks with large market capitalization, such as growth market Core index constituent stocks, were generally bought on the 31st of the weekend, etc., it rose on a weekly basis, but it is difficult to determine that investor sentiment has improved.
Among the top stocks by market capitalization, cover ＜5253＞, lawyer.com ＜6027＞, ISPACE ＜9348＞, and Wealth Navi ＜7342＞, which had updated their year-to-date lows, rebounded drastically over the weekend, and Macbee Planet ＜7095＞ and GENDA ＜9166, which carry out stock splits as of 6/1, were also bought. Meanwhile, JTOWER ＜4485＞ updated its year-to-date low every day since some securities companies drastically lowered their target stock prices even though investment decisions continued. In addition, qualyps (4894), which provided cardiomyocyte sheets for physician-led clinical trials for dilated heart disease, skyrocketed. AHC Group ＜7083＞ announced that it would form a capital and business alliance with Papageno, a venture from Kanagawa Prefectural University of Health and Welfare, and was bought.
Meanwhile, the initial price of Learning Aid ＜184A＞, which was the first initial public offering (IPO) in a month, was 1282 yen, which was 32.2% above the public price. The day after listing, it was sold to 1027 yen and then grew rapidly, but it stalled at 1410 yen just before the lockup unlock line.
■Expected to be listed on 6/5 at Astro Scale HD
As for next week's emerging markets, the determining point will be whether this weekend's buying will continue. While no conspicuous clue materials were observed, purchases centered on major stocks came in, and it can be seen as an autonomous backlash against the current decline. Since there are many main stocks that have sunk into the low since the beginning of the year, it seems that short-term rebounds can be aimed at, but since the trading price of the weekend growth market remained at the same level as the day before at 123.8 billion yen, it is presumed that serious funds have not flowed in. If the trading price visibly increased to 200 billion yen and it becomes a rebound, a strong rebound where buying invites buying can also be expected. I want to pay attention to changes in trading prices.
Next week, Astroscale HD ＜186A＞ will be listed on 6/5. It is an enterprise that handles space debris (space debris) removal, extension of the life span of artificial satellites, and inspections, etc., and the level of attention is extremely high. There are concerns that the scale of disclosure is large, but if the initial price and subsequent price movements are steady, there is a possibility that the search will spread to space-related stocks such as iSpace, Inclusive ＜7078＞, and QPS Research Institute ＜5595＞. If it becomes a situation where the search for related stocks spreads, it is assumed that it will also lead to an improvement in investor sentiment.