Mar 20 2024: Japan’s stock market closed higher on Wednesday, with the Nikkei 225 index gaining 0.66%. The increase was driven by strong performances in sectors like Paper & Pulp, Power, and Rubber.
Closing in Tokyo, the Nikkei 225 index saw notable gains. Among the top performers were Sumitomo Realty & Development Co. (TYO:8830), climbing 8.30% or 402.00 points to reach 5,232.00 by the end of the session. Tokyo Tatemono Co., Ltd. (TYO:8804) also performed well, rising 7.36% or 163.00 points to finish at 2,377.50, while Tokyu Fudosan (TYO:3289) gained 5.83% or 64.50 points to close at 1,170.50.
On the flip side, Pacific Metals Co., Ltd. (TYO:5541) was among the session’s worst performers, dropping 3.31% or 46.00 points to end at 1,346.00. Terumo Corp. (TYO:4543) declined 2.62% or 152.00 points, closing at 5,654.00, and Tokyo Electric Power Co., Inc. (TYO:9501) decreased by 2.50% or 20.70 points to 807.80.
In terms of market breadth, declining stocks equaled advancing ones on the Tokyo Stock Exchange.
Sumitomo Realty & Development Co. (TYO:8830) reached all-time highs, Tokyo Tatemono Co., Ltd. (TYO:8804) hit 5-year highs, and Tokyu Fudosan (TYO:3289) also achieved all-time highs during the session.
The Nikkei Volatility, measuring implied volatility of Nikkei 225 options, fell 3.61% to 19.50.
In commodity markets, crude oil for May delivery dropped 0.22% to $82.55 per barrel. Brent oil for May delivery fell 0.17% to $87.23 per barrel, while April Gold Futures dropped 0.01% to $2,159.50 per troy ounce.
Currency-wise, USD/JPY increased by 0.45% to 151.53, and EUR/JPY rose by 0.46% to 164.69.
The US Dollar Index Futures saw a slight uptick of 0.06% to 103.54.
