Nikkei Sets New Record! Strong Support from Property and Banks
Japanese stocks closed higher on Thursday (June 18th), with the Nikkei 225 rising 1.75% and hitting a new record high. The gains were primarily driven by the property, banking, and textile sectors, while rising stocks on the Tokyo Stock Exchange outnumbered decliners.
Ajinomoto was one of the main gainers, rising 8.37% to 5,787, followed by Murata Manufacturing, which rose 8.10% to 11,745, and Dainippon Screen Manufacturing, which rose 7.21% to 16,425. Ajinomoto shares hit a 52-week high, while Murata and Dainippon Screen hit new record highs.
Meanwhile, Konami was the biggest drag, falling 8.70% to 17,375 and hitting a 52-week low. Fujikura fell 5.67% to 4,461, while DeNA fell 5.42% to 2,504. Overall, 1,998 stocks rose, 1,525 fell, and 240 remained unchanged.
Market sentiment was also supported by declining volatility. Nikkei Volatility fell 6.37% to 29.11, indicating that uncertainty in the options market is starting to ease. Falling oil prices also helped sentiment, with WTI falling 2.42% to $74.93 per barrel and Brent weakening 2.17% to $77.82 per barrel.
In the foreign exchange market, USD/JPY edged down 0.02% to 160.63, while EUR/JPY rose 0.14% to 185.04. Market focus will now be on the yen's direction, oil prices, and the continuation of sector rotation on the Tokyo Stock Exchange after the Nikkei hit a new record. (asd)
Source: Newsmaker.id
