The Nikkei Stock Average closed the morning session on the 20th at 59,045.45 yen, up 569.55 yen from the previous trading day, marking a significant rebound. Trading volume on the Prime Market during the morning session was approximately 832.13 million shares, with a trading value of approximately 3.0296 trillion yen. The number of advancing issues stood at 720, while declining issues numbered 785, with 70 stocks unchanged.

The Tokyo stock market in the morning session saw buying dominate, following strong gains in European and US markets at the end of last week. Despite lingering uncertainty over the Middle East situation surrounding the Strait of Hormuz, futures-led index buying provided upward momentum to the Nikkei Average. The index rose nearly 570 yen by the midday close, recovering more than half of the previous week's decline. While the Nikkei recovered the 59,000 yen level at the morning close, the index showed some resistance to further gains toward the close. The TOPIX showed relatively weaker gains, and among individual stocks, the number of declining issues slightly exceeded advancing issues.

Among individual stocks, Kioxia Holdings <285A> continued to see overwhelming trading volume and posted gains, while SoftBank Group Corp. <9984> also rose on heavy trading. Lasertec Corporation <6920> and DISCO CORPORATION <6146> were also bought. Mitsubishi Heavy Industries, Ltd. <7011> attracted buying interest. Tokio Marine Holdings, Inc. <8766> and FAST RETAILING CO., LTD. <9983> also pushed higher. WACOAL HOLDINGS CORP. <3591> remained locked at the daily limit up. On the other hand, ADVANTEST CORPORATION <6857> was weak, and Shin-Etsu Chemical Co., Ltd. <4063> also lacked momentum. Nintendo Co., Ltd. <7974> came under selling pressure, and INPEX CORPORATION <1605> also declined. Nippon Chemical Industrial Co., Ltd. <4092> plunged sharply, and Sumitomo Pharma Co., Ltd. <4506> also fell significantly.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.