Feb 26 2024: Japanese stocks concluded the trading session on Tuesday with gains, as the Nikkei 225 index advanced by 0.17% to achieve a new record high. The upward momentum was primarily attributed to increases in the Shipbuilding, Pharmaceutical, and Transport sectors.
By the end of trading in Tokyo, the Nikkei 225 had reached a new peak, buoyed by notable performances from companies such as Hitachi Zosen Corp. (TYO:7004), which saw a surge of 8.69% to 1,251.00, Yaskawa Electric Corp. (TYO:6506), up by 6.04% to 6,182.00, and Otsuka Holdings Ltd (TYO:4578), rising by 5.23% to 6,074.00.
However, some stocks experienced declines during the session, including Keisei Electric Railway Co., Ltd. (TYO:9009), which fell by 4.01% to 7,164.00, Sumitomo Realty & Development Co. (TYO:8830), down by 3.21% to 4,467.00, and Mercari Inc (TYO:4385), which dropped by 3.00% to 2,055.50.
Overall, advancing stocks outnumbered declining ones on the Tokyo Stock Exchange, with 2105 stocks rising, 1526 falling, and 252 remaining unchanged.
Hitachi Zosen Corp. (TYO:7004) saw its shares reaching a 5-year high, while Otsuka Holdings Ltd (TYO:4578) reached an all-time high.
The Nikkei Volatility index, measuring the implied volatility of Nikkei 225 options, increased by 9.46% to 21.41.
In commodities trading, crude oil for April delivery rose by 0.24% to $77.77 a barrel, while Brent oil for May delivery increased by 0.22% to $81.85 a barrel. April Gold Futures rose by 0.21% to $2,043.15 a troy ounce.
The USD/JPY pair declined by 0.14% to 150.49, and the EUR/JPY pair fell by 0.16% to 163.27.
The US Dollar Index Futures decreased by 0.05% to 103.70.
