Jan 31, 2024: Japan stocks concluded the trading day on Wednesday with an upward trajectory, driven by notable advances in the Precision Instruments, Shipbuilding, and Insurance sectors. The Nikkei 225 index posted a gain of 0.57% at the close in Tokyo.
Key Performers on the Nikkei 225:
Komatsu Ltd. (TYO:6301) emerged as the best performer, surging by 8.60% or 336.00 points to reach 4,245.00 at the close.
Canon Inc (TYO:7751) experienced a substantial increase of 7.85%, adding 297.00 points to finish at 4,080.00.
Hitachi Construction Machinery Co (TYO:6305) demonstrated strength with a rise of 6.89%, gaining 273.00 points to reach 4,234.00 in late trade.
Top Laggards on the Nikkei 225:
Alps Electric Co., Ltd. (TYO:6770) faced a decline of 15.72%, shedding 205.50 points to trade at 1,101.50 at the close.
Tokuyama Corp. (TYO:4043) experienced a 3.65% decrease, losing 90.00 points to end at 2,378.00.
Pacific Metals Co., Ltd. (TYO:5541) recorded a decline of 2.98%, down 44.00 points to 1,431.00.
Market Overview:
Rising stocks outnumbered declining ones on the Tokyo Stock Exchange, with 2369 stocks gaining, 1274 declining, and 235 ending unchanged.
Alps Electric Co., Ltd. (TYO:6770) hit 52-week lows, experiencing a significant drop of 15.72% to 1,101.50.
Canon Inc (TYO:7751) reached 5-year highs, registering a notable gain of 7.85% to 4,080.00.
Market Volatility:
The Nikkei Volatility, measuring the implied volatility of Nikkei 225 options, increased by 0.87% to 19.81.
The positive momentum in the Precision Instruments and Shipbuilding sectors contributed to the overall uplift in the Nikkei 225, reflecting investor sentiment on the Tokyo Stock Exchange.
