The Nikkei Average continued to rise slightly. The front-end transaction was closed at 38243.59 yen (estimated turnover of 1.01 billion shares), which was 14.48 yen higher (+0.04%) compared to the previous business day.
The US stock market was mixed on the 10th. The Dow average closed at 39512.84 dollars which was 125.08 dollars higher (+ 0.32%), the NASDAQ was 5.39 points lower (-0.03%) at 16340.87, and the S&P 500 closed at 5222.68, which was 8.60 points higher (+ 0.16%). It rose after being close to purchases in response to expectations of a soft landing. Since the May Michigan Consumer Confidence Index, which was announced later, deteriorated drastically and reached a low level since November last year, the market price stalled due to concerns about economic deceleration. In addition to the expected inflation rate of the same index rising unexpectedly, it received hawkish statements denying interest rate cuts by the end of the year from senior US Federal Reserve (Fed) officials, and the rise in long-term interest rates weighed on, and high-tech began to decline. The Dow expanded its gains again towards the end of the game, but the NASDAQ was unable to recover the positive zone and ended with mixed results.
Since US stocks were high and low, the Tokyo market at the beginning of the week also began trading with small movements. There was also a scene where the Nikkei Average, which was slightly boosted by sales, temporarily fell below 38,000 yen, but it turned around when purchases aimed to push in. Trading continues centered on stocks that have announced financial results, and the Nikkei Average is at the 38200 yen level where the lower cloud limit of the daily Ichimoku equilibrium table is located.
Among stocks adopted by the Nikkei Average, MinebeaMitsumi (6479) became a buying advantage due to strong earnings forecasts for the current fiscal year being conveyed. Shizuoka Financial Group ＜5831＞ was bought based on the cancellation of company shares, etc., and Olympus ＜7733＞ also rose due to a positive outlook for a significant increase in profit for the current fiscal year, breaking the year-to-date high. In addition, Nippon Ham ＜2282＞, Denka ＜4061＞, Murata Seisakusho ＜6981＞, SoftBank Group ＜9984＞, and AGC ＜5201＞ were purchased.
Meanwhile, in TOELEC ＜8035＞, which announced financial results last weekend, there was a strong view that the profit increase forecast for the current fiscal year would not reach market expectations, so buying and selling intersected, and the previous closing ended slightly negative. In addition, Comsys HD ＜1721＞, Mitsui Fumu ＜8801＞, Kubota ＜6326＞, Okuma ＜6103＞, and SECOM ＜9735＞ were also sold because they were disgusted with financial results.
By industry, while other products, precision instruments, banking, air transportation, information/communication industries, etc. rose, real estate, construction, electric/gas, mining, foodstuffs, etc. declined.
Aftermarket, attention continues to be drawn to the financial results announced during trading hours. At 12:00, Toray ＜3402＞, and at 13:00, Nippon Steel Mining ＜1515＞, Shimizu Ken ＜1803＞, Nichido ＜1884＞, Nissin Shikoku HD ＜2897＞, Toyobo ＜3106＞, Shionogi ＜4507＞, Kyushu FG ＜7180＞, SUBARU ＜7270＞, and at 14:00, Taisei Corporation ＜1820＞, Nishimatsu Ken ＜1820＞, Bridgestone ＜5108＞, Furukawaike ＜6937＞, Iwatani ＜8088＞ etc. are planned .