日経平均採用銘柄では、牧野フライス＜6135＞に同意なきTOBをかけたニデック＜6594＞が上昇し、牧野フライスはストップ高買い気配となった。このニュースが刺激材料となりオークマ＜6103＞など工作機械の一角も上昇。また、ソシオネクスト＜6526＞、ルネサスエレクトロニクス＜6723＞、スクリーンHD＜7735＞、アドバンテスト＜6857＞など半導体関連も買われた。このほか、トヨタ自＜7203＞、ホンダ＜7267＞、日野自動車＜7205＞、スズキ＜7269＞など自動車株も引き続き買われた。The Nikkei Average has risen for three consecutive days. It ended the morning session at 40,074.56 yen, up 506.50 yen (+1.28%) from the previous day, with an estimated Volume of 0.9 billion 30 million shares.
On the 26th, the US stock market was mixed. The Dow Inc rose by 28.77 dollars to 43,325.80 dollars, while the Nasdaq closed down by 10.77 points to 20,020.36. An unexpected decrease in unemployment insurance claims led to selling due to concerns over rising long-term interest rates, causing a decline after the market opened. Amid a lack of momentum after the Christmas holiday, resilient buying expectations for a Christmas rally towards year-end supported the lower levels. Later, as the number of continuing unemployment insurance recipients reached a three-year high and the results of the seven-year bond auction were strong, interest rates began to decrease, leading to a resurgence in buying towards the end, allowing the Dow to barely recover to positive territory. The Nasdaq could not maintain buying and ended mixed.
Although US stocks were mixed, the Tokyo market began trading slightly favoring Buy as the exchange rate shifted to a weaker yen and stronger dollar compared to the previous day. The Nikkei Average started at around 39,600 yen and gradually expanded its increase, recovering to the 40,000 yen range during trading hours for the first time since December 12.
In the Nikkei Average adopted stocks, Nidec Corporation Sponsored ADR, which made an unsolicited TOB on Makino Milling Machine, rose, and Makino Milling Machine reached the limit up buying interest. This news served as a catalyst, leading to gains in other machine tool stocks like Okuma. Additionally, semiconductor-related stocks such as Socionext, Renesas Electronics, Screen HD, and Advantest were also bought. Furthermore, automobile stocks including Toyota, Honda, Hino Motors, and Suzuki continued to see buying interest.
On the other hand, Nissan Motor Co. Ltd. <7201> fell following reports that the integration ratio with Honda <7267> would be 5 to 1, while Mitsubishi Motors Corporation <7211> also faced selling pressure. Additionally, stocks of department stores such as Takashimaya <8233> and J. Front Retailing <3086>, which were bought yesterday, saw profit-taking sales. Furthermore, Yamaha Motor Co., Ltd. <7272>, Furukawa Electric Co., Ltd. <5801>, Konica Minolta, Inc. <4902>, Japan Tobacco Inc. <2914>, and Canon Inc-Spons Adr <7751> also declined.
By sector, airlines, transportation equipment, electricity and gas, services, and iron & steel saw gains, while only the mining and rubber products sectors declined.
Today, many market participants expected the Nikkei average to trend sideways due to factors such as the December ex-rights (about 50 yen), but it unexpectedly rebounded above the 40,000 yen mark with surprising strength. Although there is a lack of significant Buy observations, it is seen as futures-led as notable stocks such as Recruit HD <6098> and Fast Retailing <9983>, which have a substantial impact on the 225 index, are being bought. There is also a possibility that foreign investors, who have been quiet recently, are entering the market with purchases. The Nikkei average, resembling a 'tail-end swing', may rise further in the afternoon session.
