The Nikkei Average continues to rise. The front-end transaction was closed at 38849.65 yen (estimated turnover of 860 million shares), which was 361.75 yen higher (+0.94%) compared to the previous business day.

The US stock market on May 31 was mixed. The Dow average closed at 38686.32 dollars, which was 574.84 dollars higher (+1.51%), the NASDAQ was 2.06 points lower (-0.01%) at 16735.02, and the S&P 500 closed at 5277.51, which was 42.03 points higher (+ 0.80%). Since the April core PCE price index was as expected, it was bought in anticipation of interest rate cuts by the end of the year, and after being close, it rose. The Dow remained strong throughout the day, and adjustments at the end of the month, index replacements, etc. had an impact, and the range of gains expanded at the end of the game. Meanwhile, the NASDAQ was pushed by profit-taking sales in the semiconductor sector and turned to a major decline, then reduced the decline and ended in a mixed situation.

Although US stocks had mixed prices, the Tokyo market had a buying advantage and began trading. Due to the fact that financial stocks continued to be bought, etc., the Nikkei Average gradually expanded its increase, and it temporarily rose to the 39,000 yen range. However, since there are still no investors who buy more than 39,000 yen, the increase was reduced after the first round of purchases.

No conspicuous materials have been observed in stocks adopted by the Nikkei Average, but Sumitomo Pharma ＜4506＞, which had updated its year-to-date low, continued to be bought, and some reports were viewed as material, and Taisei Corporation (1801) and Mercari (4385) rose. Also, it was purchased because Sharp ＜6753＞ built a data center base for AI to Sakai. In addition, increases in financial stocks such as Daiwa Stock Exchange G ＜8601＞, Tokio Marine ＜8766＞, MS&AD ＜8725＞, and Concordia Financial Group ＜7186＞ were conspicuous.

Meanwhile, semiconductor-related ones such as Socionext ＜6526＞, DISCO ＜6146＞, and SUMCO ＜3436＞ are weak, and furukawa Electric ＜5801＞ and Fujikura ＜5803＞ were also sold. Other than this, there aren't even Nidec ＜6594＞, Resonac ＜4004＞, Toyota's own ＜7203＞, and SoftBank G＜9984＞.

By industry, while insurance, securities and commodity futures trading, mining, petroleum and coal products, shipping industries, etc. rose, only 5 sectors of electricity and gas, metal products, pharmaceuticals, nonferrous metals, and air transport declined.

The Nikkei Average was above the 25-day moving average, but the upper price is getting heavier at the 38960 yen level where the 75-day moving average is located. Meanwhile, TOPIX temporarily placed it in the 2800 point range since 3/27 (based on transaction time). Since the rise in banks and insurance stocks is currently conspicuous, the year-to-date high price of 2813.22 points (based on closing price) on March 22 is approaching. If Toyota itself, which was cheap in the front market, develops steadily like other automobile stocks, attention will be drawn to trends in TOPIX in the back field.