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Emerging markets outlook: Will the Growth Market 250 Index attempt to exceed 25MA after the US presidential election?
Breaking above the resistance line may improve investor sentiment, leading to a rise in emerging markets this week. During the same period, while the Nikkei average rose by +0.37%, the growth market index increased by +4.98%, and the Growth Market 250 Index rose by +5.20%, highlighting the strength of the growth market. Despite the attention-grabbing general election resulting in the ruling party falling below the majority, the market had already priced it in, leading to a dominant trend of buybacks in the Tokyo market. The advancing Democratic Party of the People is expected to take power.
The TOPIX Growth Market 250 Index rose for the third consecutive day, showing a strong trend leading to the highest trading value in a month.
The TOPIX Growth Market Index is 801.62 +3.69 / Volume 0.2 billion 83.31 million shares / Turnover 126.6 billion yen. TOPIX Growth Market 250 Index is 625.76 +3.22 / Volume 0.1 billion 9.73 million shares / Turnover 89.2 billion yen. The growth market today saw the TOPIX Growth Market Index and TOPIX Growth Market 250 Index both rise for the third consecutive day. The number of rising stocks is 320, the number of falling stocks is 232, unchanged is 36. The U.S. stock market on the 29th had mixed results. The Dow Jones Average decreased by 154.52 dollars.
Stocks that moved the previous day part 1 Last One Mile, BUYSELL, gan ltd, etc.
Stock name <Code> Closing price on the 17th ⇒ Difference from the previous day BBSec <4398> 1490 +41 announces changes to shareholder return policy. Tokai Soft <4430> 1273 +41 Subsidiarizes a software development company. Pacific Cement <5233> 3447 +183 Announces share buyback at the upper limit of 5.18% of issued shares. GlobalW <3936> 158 -7 Displeased with margin trading regulations. Last One Mile <9252> 3090 +381 Postpones the earnings reports for the fiscal year ending August 2024 that had been delayed.
Emerging Markets Digest: Deere & Co soaring, BUYSELL plummeting
<219A> HeartSeed 1515 +51 rally. They announced an upward revision of the financial estimates for the fiscal year ending October 24, with revenue increasing from 15.3 million yen to 87.4 million yen (470.2% increase) and operating losses decreasing from a deficit of 196.5 million yen to a deficit of 105.9 million yen. Under an exclusive technical collaboration and licensing agreement with the global pharmaceutical giant novo-nordisk a/s, developments milestones anticipated for the fiscal year ending October 25 will be achieved by January 24.
Global W---Significant continued decline, discontent with margin trading regulations.
Significant decline. The Tokyo Stock Exchange announced on the 17th that it will increase the margin trading initial deposit requirement for new short and long trades of the company's stock to over 50% (including over 20% in cash), leading to selling pressure. Additionally, Japan Securities Finance also announced the implementation of increased collateral collection measures, setting the collateral ratio for securities lending transactions, self-transactions, and non-cleared participant transactions at 50% (with 20% in cash collateral) from the same day onwards.
Emerging markets outlook: Will the sluggishness in the growth market continue, and will short-term funds flow into recent ipos?
In the thin trading, it is difficult to grasp the direction of the index, and emerging markets fell this week. During the same period, while the Nikkei Average rose by +2.51%, the growth market index decreased by -1.50%, and the growth market 250 index decreased by -1.39%, highlighting the weakness of the growth market. Similar to the main board market, buying based on the rise of US stocks was seen at the beginning of the week, but with the trend of a strong yen and a high dollar, preference for large-cap stocks led to a heavy upper limit after the buying spree. The trading volume was 100 billion yen.
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