Nikkei Hits Record, Real Estate and Banking Shares Lead Gains
Japanese stocks closed higher on Monday (April 27), with the Nikkei 225 rising 0.97% to a new record high. The gains were driven by gains in the real estate, banking, and textile sectors, although overall market conditions were not entirely solid.
At the stock level, the biggest gains came from Fanuc, which surged 15.98% to 7,256, followed by Keyence, which rose 15.83% to 73,180, and Panasonic, which gained 7.78% to 3,103. Meanwhile, pressure was seen on Chugai Pharmaceutical, which fell 15.83% to 7,445, Nomura Research Institute, which fell 13.41% to 4,409, and Rohm, which fell 9.19% to 3,419.
Market breadth remained fragile as stocks fell more than rose on the Tokyo Stock Exchange, with 2,114 stocks declining, 1,459 stocks rising, and 222 stocks unchanged. Meanwhile, the Nikkei volatility indicator rose 9.11% to 29.59, indicating that market participants were still adhering to a risk premium despite the index's record high.
Across assets, rising oil prices remained a closely watched factor, with WTI rising 1.82% to US$96.12 per barrel and Brent rising 1.98% to US$101.09. The yen remained relatively stable, with USD/JPY falling slightly to 159.26, while the dollar index weakened slightly. This combination maintained risk-on sentiment in Japanese equities, although volatility and commodity movements indicated the market remained sensitive to changes in global risk. (asd)
Source: Newsmaker.id
