As of the closing time 20 days ago, the number of advancing stocks among the Nikkei Average constituent stocks was 193 stocks, the number of declining stocks was 29 stocks, and the number of unchanged stocks was 3 stocks.

The Nikkei Average continued to rise significantly for the third consecutive day. It closed the morning session at 37,935.58 yen (+780.25 yen or +2.10%) with an approximate trading volume of 0.8 billion shares.

The U.S. stock market rebounded significantly on the 19th. The Dow Jones Industrial Average closed at 42,025.19 yen, up 522.09 dollars or 1.26%, the Nasdaq closed at 18,013.98, up 440.68 points or 2.51%, and the S&P500 closed at 5,713.64, up 95.38 points or 1.70%. Weekly initial jobless claims reached a 4-month low, easing concerns about labor market slowdown, leading to an increase in market opening. In addition, expectations of a significant interest rate cut by the Federal Open Market Committee (FOMC) contributed to the belief that the economy will experience a soft landing without a sharp decline, further fueling the rise. The technology sector also provided strong support to the market, leading to an expanded gain in the latter half of the session.

The Tokyo market started trading with a buying bias following the significant rebound in U.S. stocks. Semiconductor stocks such as Tokyo Electron (<8035>) stood out due to the rise in U.S. high-tech stocks, and the Nikkei Average started at around 37,700 yen and expanded its gain until just before 38,000 yen. It ended the morning session above the 25-day moving average (around 37,450 yen level) and the 200-day moving average (around 37,620 yen level).

Among the stocks selected for the Nikkei Average, many semiconductor stocks such as Tokyo Electron, Socionext (<6526>), Laser Tech (<6920>), and Renesas Electronics (<6723>) were bought. Furthermore, Resonac Holdings (<4004>) was bought after announcing a price increase for graphite electrodes, and speculative buying was directed towards Tokai Carbon (<5301>). In addition, Kawasaki Heavy Industries (<7012>), Murata Manufacturing (<6981>), Taiyo Yuden (<6976>), Furukawa Electric (<5801>), SUMCO (<3436>), and Dentsu Group (<4324>) also rose.

On the other hand, private railway stocks such as Keisei Electric Railway (<9009>), Odakyu Electric Railway (<9007>), and Tobu Railway (<9001>) were generally weak, and retail-related stocks such as Aeon (<8267>), Marui Group (<8252>), and J. Front Retailing (<3086>) were also low. In addition, ZOZO (<3092>), Sumitomo Dainippon Pharma (<4506>), and Kyowa Kirin (<4151>) declined.

In terms of industry sectors, petroleum and coal products, electrical equipment, nonferrous metals, glass and stone products, and banking industry all rose, while land transportation industry and electric and gas industry were the only two sectors that declined.

The top contributor to the rise in stock prices was First Retailing (<9983>), which pushed up the Nikkei Average by approximately 189 yen. The second place was Tokyo Electron (<8035>), followed by Advantest (<6857>), SoftBank Group (<9984>), Shin-Etsu Chemical (<4063>), FANUC (<6954>), and TDK (<6762>).

On the other hand, the top contributor to the decline was NTT Data G<9613>, which pushed the Nikkei Average down by about 3 yen with one stock. The second place was ZOZO<3092>, followed by KDDI<9433>, SECOM<9735>, Konami G<9766>, Trend<4704>, Ion<8267>, and others.

*As of 11:30.

Nikkei Average Stock Price 37935.58 (+780.25)

Number of advancing stocks 193 (contribution +803.52)

Number of declining stocks 29 (contribution -23.27)

Number of unchanged stocks 3

○ Top advancing stocks

Code, Stock Name, Latest Price, Day Change, Contribution

<9983> First Retail 47830 1930 189.28

<8035> Tokyo Electron 24375 1355 132.89

<6857> Advantest 6394 178 46.55

<9984> SoftBank Group 8585 180 35.31

<4063> Shin-Etsu Chemical 5959 209 34.16

<6954> Fanuc 4003 178 29.10

<6762> TDK 9051 153 15.01

<6920> Laser Tech 24575 1135 14.84

<6981> Murata Manufacturing 2800 134 10.51

<4519> Chugai Pharmaceutical 6900 92 9.02

<8031> Mitsui & Co. 3064 137 8.92

<6988> Nippon Electric Glass 12330 270 8.83

<6758> Sony Group Corp 13430 255 8.34

<7267> Honda 1586 43 8.34

<8058> Mitsubishi Corporation 2967 83 8.14

<6098> Recruit Holdings 9288 80 7.85

<6861> Keyence 69670 2400 7.85

<6146> Disco 36570 1120 7.32

<6902> Denso 2138 56 7.26

<7741> Hoya 19635 440 7.19

Top decreasing stocks

Code, Stock Name, Latest Price, Day Change, Contribution

<9613> NTT Data G 2456 -24 -3.92

<3092> ZOZO 4857 -105 -3.43

<9433> kddi corporation 4801 -12 -2.35

<9735> secom co 10935 -60 -1.96

<9766> konami group corp 14170 -55 -1.80

<4704> trend micro inc 8809 -41 -1.34

<8267> ion corp 4009 -40 -1.31

<9009> keisei electric railways co 4473 -66 -1.08

<4151> kyowa kirin co 3199 -31 -1.01

<4452> kao corp 6885 -25 -0.82

<2801> Kikkoman 1631 -5 -0.82

<7735> SCREEN 10045 -60 -0.78

<2282> Nippon Ham 5393 -34 -0.56

<8252> Marui G 2486 -10.5 -0.34

<1803> Shimizu Construction 996 -8.9 -0.29

<9007> Odakyu Electric Railway 1688 -16 -0.26

<9432> Nippon Telegraph & Telephone Corp 150 -0.6 -0.20

<4506> Sumitomo Pharma 602 -6 -0.20

<9531> Tokyo Gas 3324 -20 -0.13

<6702> Fujitsu 2920 -3 -0.10