Japan stocks concluded Wednesday’s trading session on a positive note, with gains in the Paper & Pulp, Power, and Rubber sectors propelling shares higher. At the close of trading in Tokyo, the Nikkei 225 index rose by 0.66%.
Leading the gains on the Nikkei 225 was Sumitomo Realty & Development Co. (TYO:8830), which surged by 8.30% or 402.00 points to reach 5,232.00 by the close. Tokyo Tatemono Co., Ltd. (TYO:8804) also performed strongly, climbing by 7.36% or 163.00 points to finish at 2,377.50, while Tokyu Fudosan (TYO:3289) saw a notable increase of 5.83% or 64.50 points, closing at 1,170.50.
Conversely, Pacific Metals Co., Ltd. (TYO:5541) experienced a decline, falling by 3.31% or 46.00 points to 1,346.00 by the close. Terumo Corp. (TYO:4543) also saw a decrease of 2.62% or 152.00 points, ending the session at 5,654.00, while Tokyo Electric Power Co., Inc. (TYO:9501) slipped by 2.50% or 20.70 points to reach 807.80.
The Tokyo Stock Exchange witnessed a balanced market performance, with falling stocks equalling advancing ones.
Sumitomo Realty & Development Co. (TYO:8830) achieved all-time highs, surging by 8.30% to 5,232.00, while Tokyo Tatemono Co., Ltd. (TYO:8804) reached five-year highs, closing at 2,377.50 after a gain of 7.36%. Similarly, Tokyu Fudosan (TYO:3289) attained all-time highs, rising by 5.83% to 1,170.50.
Market volatility, as measured by the Nikkei Volatility index, decreased by 3.61% to 19.50.
In commodity trading, crude oil for May delivery declined by 0.22% to $82.55 per barrel, while Brent oil for May delivery fell by 0.17% to $87.23 per barrel. April Gold Futures saw a slight decrease of 0.01% to $2,159.50 per troy ounce.
The USD/JPY pair rose by 0.45% to 151.53, while the EUR/JPY pair increased by 0.46% to 164.69. The US Dollar Index Futures edged up by 0.06% to 103.54.
The performance of Japan stocks reflects a positive sentiment in the market, with notable gains observed across various sectors, signaling resilience amidst ongoing economic dynamics.