The Japanese stock market concluded Tuesday’s trading session on a positive note, with the Nikkei 225 index registering a modest gain of 0.05%. Noteworthy advancements in the Chemical, Petroleum & Plastic, Mining, and Automobiles & Parts sectors contributed to the overall uptrend in share values.
At the closing bell in Tokyo, the Nikkei 225 edged up by 0.05%, reflecting a day of varied market activity.
Among the top performers on the Nikkei 225, Mitsui Engineering & Shipbuilding (TYO:7003) took the lead with an impressive 5.41% surge, translating to a gain of 39.00 points, settling at 760.00 by the close. Trend Micro Inc. (TYO:4704) also delivered robust results, advancing by 3.59% or 291.00 points, concluding the session at 8,386.00. Nitto Denko Co (TYO:6988) showcased notable growth as well, climbing by 3.51% or 415.00 points to reach 12,255.00 in late trade.
On the flip side, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) emerged as one of the session’s underperformers, experiencing a decline of 3.95% or 18.00 points, closing at 438.00. Isuzu Motors, Ltd. (TYO:7202) faced a 3.32% drop, shedding 69.00 points to settle at 2,011.50. Fanuc Corp. (TYO:6954) also saw a dip, decreasing by 2.54% or 109.00 points, finishing the day at 4,176.00.
Market statistics from the Tokyo Stock Exchange revealed a higher number of falling stocks, outnumbering the advancing ones, with figures standing at 2139 to 1491, while 250 remained unchanged.
Nitto Denko Co (TYO:6988) reached unprecedented heights during the trading day, marking an all-time high with a 3.51% gain or 415.00 points, closing at 12,255.00.
The Nikkei Volatility, gauging the implied volatility of Nikkei 225 options, experienced a marginal increase of 0.87%, reaching 19.81.
In commodities trading, crude oil for March delivery rose by 0.65% or 0.50, reaching $77.28 per barrel. Brent oil for delivery in April also exhibited an uptick, rising by 0.55% or 0.45 to hit $82.28 per barrel. Simultaneously, the April Gold Futures contract increased by 0.44% or 8.95, trading at $2,053.55 per troy ounce.
In the currency markets, USD/JPY experienced a marginal decline of 0.11%, settling at 147.34, while EUR/JPY fell by 0.23%, closing at 159.43.
The US Dollar Index Futures saw a minor decrease of 0.08%, concluding the session at 103.34.