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Banking sector ranks 27th as June rate hike expectations fuel re-evaluation momentum
★Popular themes - Top 10
1 Semiconductors
2 Space development
3 Quantum computers
4 Artificial intelligence
5 Data centers
6 Ceramic capacitors
7 Physical AI
8 Semiconductor manufacturing equipment
9 Electronic components
10 Drones
The banking sector ranks 27th in the popular theme rankings compiled by Minkabu and Kabutan. The TSE 33 Banking index gained about 23% from the end of last year through the end of May, reflecting solid performance.
Expectations remain strong for a further Bank of Japan rate hike. Speculation is growing that the BOJ could lift rates by 0.25% at its June 15-16 policy meeting. Including the July 30-31 session, the market is pricing in a nearly 90% probability of a hike. Investors expect higher rates to boost bank profitability through wider net interest margins. BOJ Governor Kazuo Ueda's speech on June 3 is also drawing keen attention.
Alongside megabanks like Mitsubishi UFJ Financial Group, Inc. <8306>, Sumitomo Mitsui Financial Group, Inc. <8316>, and Mizuho Financial Group, Inc. <8411>, regional lenders including Shizuoka Financial Group,Inc. <5831>, The 77 Bank,Ltd. <8341>, and Fukuoka Financial Group, Inc. <8354> are also attracting buyer interest.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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