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After the buying phase, individual stock selection will be guided by the financial results.
The Nikkei average has risen for four consecutive trading days. It ended trading at 35,839.99 yen, up 134.25 yen (with an estimated Volume of 2 billion 10 million shares). Following the purchase of tech stocks in the US market last weekend and favorable movements from major companies' earnings reports, the Nikkei average started with a buying lead, shortly rising to 36,075.26 yen after the trading began, recovering to the 36,000 yen level for the first time in about four weeks since April 1. Additionally, due to the yen depreciating to around 143 yen per dollar, export-related stocks were repurchased.
The Nikkei average rose by about 110 yen, with Fast Retailing, Shin-Etsu Chemical, and Toyota contributing the most to the increase.
As of 12:50 PM on the 28th, the Nikkei Stock Average is trading around 35,810 yen, up about 110 yen compared to the previous weekend. In the afternoon session, the increase narrowed compared to the morning closing price as trading began. After completing the buying, in the absence of clues, there seems to be a wait-and-see mood, partly because tomorrow the 29th is Showa Day and the market will be closed. The exchange rate is around 143.50 yen per dollar, indicating a slight appreciation of the yen. In terms of the contribution of the stocks included in the Nikkei average, Fast Retailing is among the top contributors.
Bernstein Remains a Buy on Chugai Pharmaceutical Co (CHGCF)
Asahi, Ajinomoto ETC (additional) Rating
Upgraded - Bullish Code Stock Name Securities Company Previous Change After ------------------------------------------------------ <2782> Seria Daiwa "3" "2" Target Price Change Code Stock Name Securities Company Previous Change After ------------------------------------------------------ <2502> Asahi SMBC Nikko 2000 yen 2400 yen <2802> Aji no.
Rating information (Target Price change - part 2) = Kaneka, Chugai Pharmaceutical, ETC.
◎ Mizuho Securities (three-tier: Buy > Hold > Underperform) Kaneka <4118.T> - "Hold" → "Hold", 4500 yen → 3700 yen Hokuriku Electric <9505.T> - "Hold" → "Hold", 810 yen → 800 yen Okinawa Electric Power <9511.T> - "Hold" → "Hold", 1150 yen → 970 yen J-Power <9513.T> - "Hold" → "Hold", 2600 yen → 2700 yen ◎ Morgan Stanley MUFG Securities (three-tier: Overweight > Equal Weight
Chugai Pharmaceutical: Consolidated financial results for the 1st quarter of the fiscal year ending 2025/12 [IFRS] supplementary materials
