May 8 2024: On Wednesday, Japan’s stock market saw declines, with the Nikkei 225 index closing 1.54% lower, driven by losses in sectors such as Transport, Marine Transport, and Warehousing.
At the close of trading in Tokyo, Yokogawa Electric Corp. (TYO:6841) was among the top gainers on the Nikkei 225, rising by 8.67% or 308.00 points to reach 3,860.00. Nippon Yusen K.K (TYO:9101) also performed well, adding 4.07% or 175.00 points to finish at 4,480.00, while Alps Electric Co., Ltd. (TYO:6770) saw a gain of 2.10% or 31.50 points, closing at 1,529.00.
Conversely, AGC Inc (TYO:5201) experienced significant losses, dropping by 10.14% or 592.00 points to trade at 5,244.00. Mitsubishi Heavy Industries, Ltd. (TYO:7011) declined by 7.30% or 104.50 points, ending at 1,327.50, and Ricoh Co., Ltd. (TYO:7752) fell by 6.16% or 85.00 points to 1,295.00.
The overall market sentiment was negative, with declining stocks outnumbering advancing ones by 2230 to 1347, and 288 remaining unchanged on the Tokyo Stock Exchange.
Yokogawa Electric Corp. (TYO:6841) and Alps Electric Co., Ltd. (TYO:6770) saw their stock prices reach all-time highs and 52-week highs, respectively.
The Nikkei Volatility Index, reflecting market volatility, decreased by 3.63% to 19.91.
In commodities trading, crude oil prices showed a decline, with June delivery down 0.63% to $77.89 a barrel, and Brent oil for July delivery falling by 0.63% to $82.64 a barrel. The June Gold Futures contract also saw a slight decrease of 0.02% to trade at $2,323.70 a troy ounce.
In currency markets, USD/JPY rose by 0.36% to 155.25, while EUR/JPY increased by 0.28% to 166.83.
The US Dollar Index Futures registered a modest gain of 0.10%, closing at 105.41.
