Why Is Recruit Holdings Stock Surging 8% Today?

InvestingMay 19 07:36 ET

Jefferies Adjusts Recruit Holdings' Price Target to 12,000 Yen From 11,300 Yen, Keeps at Buy

MT NewswiresMay 19 05:57 ET · Ratings

Selling pressure continues in semiconductor and AI-related stocks.

The Nikkei Average declined for the fourth consecutive trading day, closing at 60,550.59 yen, down 265.36 yen (with an estimated trading volume of 2.71 billion shares). In early trading, buying driven by expectations of a technical rebound following consecutive days of stock price declines initially pushed the index up to 61,456.31 yen. However, as tech stocks were sold off in the U.S. market the previous day, buying momentum did not sustain in the Tokyo market. Semiconductor and artificial intelligence (AI)-related stocks, which had opened higher, gradually turned negative, putting downward pressure on the index. Additionally, after the lunch break,

Fisco JapanMay 19 03:30 ET

Stocks that moved or traded actively in the morning session.

*FIG (4392) at 1,360 yen - Continued positive evaluation of the significant profit increase in the first quarter. *Tes Holdings (5074) at 1,080 yen (+150) - Favorable response to consecutive orders for battery installation projects. *TOKYO BASE (3415) at 379 yen (+47) - Expectations for improved supply-demand conditions due to share buybacks. *Quants Research Holdings (9552) at 814 yen (+98) - Ongoing positive assessment of profit recovery in the first half and high-level share buybacks. *KLab (3656) at 342 yen (+38) - "Dragon

Fisco JapanMay 19 00:24 ET

Profit-taking sales centered on tech stocks expanded, pushing the market below the 61,000-yen level.

The Nikkei Average sharply declined, closing at 60,815.95 yen, down 593.34 yen (with an estimated trading volume of 2.67 billion shares), falling below the 61,000-yen mark for the first time in eight trading days since February 1st. Profit-taking, primarily centered on high-priced technology stocks, expanded due to the downturn in U.S. equities and rising long-term interest rates over the previous weekend. Additionally, weak performance in U.S. stock index futures during after-hours trading reinforced risk-averse sentiment among investors, causing the Nikkei Average to widen its losses as it approached the end of the morning session, hitting a low of 60,376.

Fisco JapanMay 18 03:36 ET

Aftermarket [stocks that moved / stocks that traded]

*Santec <6777> 32,300 +2,550: Operating profit increased by 39.0% in the previous term and is forecasted to grow by 16.2% this term. *Sumitomo Metal Mining HD <1514> 621 -83: Operating profit grew 6.8 times in the previous term but is expected to decline by 8.8% this term. *DataSec <3905> 2,843 +500: Operating profit turned positive in the previous term and is projected to increase 7.0 times this term. *Technology Succession Organization <319A> 16,280 +3,000: First-quarter operating profit was 3.1 times higher compared to the same period last year. *Japan Post Bank <7182> 2,977.5.

Fisco JapanMay 18 03:10 ET