Japanese equities posted gains at the close of trading on Wednesday, buoyed by positive performance in the Shipbuilding, Insurance, and Real Estate sectors.
The Nikkei 225 index rose by 0.73% as the trading session concluded in Tokyo.
Among the top performers on the Nikkei 225 were Sumitomo Realty & Development Co. (TYO:8830), which surged by 5.45% or 285.00 points, closing at 5,513.00. Tokyo Tatemono Co., Ltd. (TYO:8804) also saw a notable increase of 4.95%, adding 119.00 points to reach 2,525.00, while Suzuki Motor Corp. (TYO:7269) gained 4.56% or 308.00 points, ending at 7,063.00.
Conversely, the session’s worst performers included Nexon Co Ltd (TYO:3659), which witnessed a decline of 3.21% or 83.50 points, closing at 2,516.50. Mitsubishi Heavy Industries, Ltd. (TYO:7011) and Kawasaki Heavy Industries, Ltd. (TYO:7012) also experienced decreases, falling by 2.85% and 2.81%, respectively.
On the Tokyo Stock Exchange, advancing stocks outnumbered declining ones by a significant margin, with 2365 stocks rising, 1285 falling, and 244 remaining unchanged.
Notably, Sumitomo Realty & Development Co. (TYO:8830) reached all-time highs, while Tokyo Tatemono Co., Ltd. (TYO:8804) achieved 5-year highs during the session.
The Nikkei Volatility index, measuring the implied volatility of Nikkei 225 options, experienced a slight decrease of 1.84% to 18.72.
In commodities trading, crude oil for May delivery exhibited a decline of 0.86% to $80.92 per barrel, while Brent oil for June delivery fell by 0.84% to $84.91 per barrel. Meanwhile, April Gold Futures dropped by 0.02% to trade at $2,176.80 per troy ounce.
The currency market saw the USD/JPY pair rise by 0.11% to 151.72, while the EUR/JPY pair fell marginally by 0.01% to 164.15.
The US Dollar Index Futures increased by 0.09% to 104.08.