個別では、ディスコ＜6146＞や東エレク＜8035＞などの一部の半導体関連株、三菱UFJ＜8306＞や三井住友＜8316＞などの金融株が堅調に推移。また、トヨタ自動車＜7203＞やホンダ＜7267＞、IHI＜7013＞、NTT＜9432＞、SHIFT＜3697＞、関西電力＜9503＞などが上昇となった。ほか、大規模自社株買い実施の正式発表を受けて買いが向かったサンケン電気＜6707＞が急騰、プラスアルファ＜4071＞、ラウンドワン＜4680＞、SBIGAM＜4765＞などが値上がり率上位となった。The Nikkei average edged up slightly. It closed the morning session at 38,220.01 yen, up 11.98 yen (+0.7 billion 73.93 million shares in approximate volume).
In the U.S. market on November 29, the Dow Jones Industrial Average closed at 44,910.65, up 188.59 points, while the Nasdaq ended at 19,218.17, up 157.69 points. Following the presidential election, the confidence index of small and medium-sized businesses rose. Furthermore, a constructive dialogue between the incoming U.S. President Trump and the leaders of Canada and Mexico regarding tariff policies has alleviated concerns, leading to improved investor sentiment and buying after the opening bell. Optimistic views about retail sales reaching record levels on Black Friday, as well as expectations for year-end sales, particularly in the retail sector, contributed to the overall market increase. The decline in long-term interest rates was well-received, with the tech sector performing strongly, resulting in a steady market throughout the day and the Dow hitting a record high.
Keeping an eye on the U.S. stock market, the Nikkei average started the day with a small rise at 38,216.95 yen, up 8.92 yen from the previous week. Funds continue to flow into financial stocks, as well as autonomous buying aimed at semiconductor stocks. However, as the U.S. market had shortened trading hours, the impact was limited. There is a possibility that the strength of the yen could be a burden, leading to selling after the initial buying spree, causing the Nikkei average to fall into negative territory. Subsequently, bargain hunting expanded, narrowing the decline and bringing the index back into positive territory by the end of the morning session.
In individual stocks, certain semiconductor-related stocks like Disco <6146>, Towa Electric <8035>, along with financial stocks like Mitsubishi UFJ <8306>, Mitsui Sumitomo <8316>, saw strong performance. Furthermore, Toyota Motor <7203>, Honda <7267>, IHI <7013>, NTT <9432>, SHIFT <3697>, and Kansai Electric Power <9503> all rose in value. Sunken Electric <6707> saw a sharp increase following the official announcement of a large-scale share buyback, while Plus Alpha <4071>, Round One <4680>, and SBIGAM <4765> were among the top gainers in terms of percentage increase.
On the other hand, stocks such as Laser Tech <6920>, First Retailing <9983>, SoftBank Group <9984>, and Sanrio <8136> showed a weak performance. Shiseido <4911>, Sony Group <6758>, Mitsui E&S <7003>, and Shin-Etsu Chemical <4063> also declined. ACCESS <4813>, amidst doubts about inappropriate revenue recognition, saw offers at a limit-down price. Additionally, FP Partner <7388>, Raccoon Holdings <3031>, and Teikoku Tsushin Kogyo <6763> were among the top decliners in terms of percentage.
By industry sector, banking, insurance, and securities/commodity futures trading sectors saw increases, while retail, land transportation, and precision instruments experienced declines.
It seems that the Nikkei average stock price in the afternoon will continue to face resistance. Expectations strengthen for the Bank of Japan to raise interest rates at the December policy meeting, leading to a continued trend of a strong yen and weak dollar. However, the Nikkei average is weighed down by declines in First Retailing, while the Tokyo Stock Price Index (TOPIX) remained in positive territory during the morning session. There appears to be ongoing interest in certain semiconductor and financial stocks, so it's advisable to anticipate movement in positive territory.
