[Nikkei Average Stock Price・TOPIX (Table)]
Nikkei Average; 39672.15; +104.09
TOPIX; 2775.87; +9.09
[Market Opening Overview]
On the 27th, the Nikkei Average opened at 39,672.15 yen, up 104.09 yen, marking three consecutive days of gains. The US stock market on the previous day, the 26th, was mixed. The Dow Inc rose by 28.77 dollars to 43,325.80 dollars, while the Nasdaq fell by 10.77 points to close at 20,020.36. There was a drop after the opening due to selling prompted by the unexpected decrease in unemployment insurance claims, which led to concerns over rising long-term interest rates. Following the Christmas holiday, trading was subdued, but the expectation of a Christmas rally towards the end of the year provided support at lower levels. Later, as the number of continuing unemployment insurance recipients reached a three-year high and strong results from the 7-year bond auction contributed to a decline in interest rates, buying increased towards the end of trading, allowing the Dow to barely recover to positive territory. The Nasdaq, however, could not sustain buying, and major indices ended mixed.
Today in the Tokyo stock market, buying led the way. With major indices in the US stock market showing mixed results yesterday and lacking clear guidance, the stabilization of US long-term interest rates during the afternoon of the previous day provided some reassurance for the Tokyo market. Additionally, the foreign exchange market saw the dollar at 157.80 yen, approximately 50 sen weaker compared to around 3:30 PM yesterday, which supported stock prices for exporters in the Tokyo market. On the other hand, the Nikkei Average had risen over 500 yen due to previous consecutive gains, leading to short-term profit-taking and waiting to sell. Furthermore, the reduced participation in the market due to the year-end means aggressive buying is limited, but buying was dominant at the opening stage. It is worth noting that the Consumer Price Index (CPI) for the Tokyo metropolitan area announced before trading began showed a general index, excluding fresh food, had risen by 2.4% year-on-year. The median market forecast compiled by QUICK was an increase of 2.5%. Similarly, the unemployment rate for November (seasonally adjusted) was 2.5%, unchanged from the previous month. The median market forecast compiled by QUICK was also 2.5%. Additionally, the effective job offer ratio for November (seasonally adjusted) was 1.25 times, remaining at the same level as the previous month. The median market forecast compiled by QUICK was 1.25 times.
By Sector, Air Transportation, Transportation Equipment, Pharmaceutical, Bank, and Electricity & Gas are among the top gainers, while Mining, Rubber Products, Marine Transportation, Glass & Ceramics Products, and Food Products are among the top losers. In the trading value rankings on the TSE Main Board, stocks such as DeNA <2432>, Vision <9416>, Sakura <3778>, Socionext <6526>, Mitsui E&S <7003>, SHIFT <3697>, Rakuten <4755>, Nitori HD <9843>, Renesas <6723>, Toyota <7203>, Pan Pacific HD <7532>, SoftBank G <9984>, Sony Group Corp <6758>, and Lasertec <6920> saw increases. On the other hand, Yamaha Motor <7272>, Canon Inc-Spons Adr <7751>, INPEX <1605>, JT <2914>, Hulic <3003>, Bridgestone Corporation Unsponsored ADR <5108>, Nissan Motor <7201>, NYK Line <9101>, Sanrio <8136>, IHI <7013>, and Asics <7936> experienced declines.
