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The Nikkei average rose by 406 points, continuing its significant six-day gain, as the awareness of a delay in policy interest rate increases grew due to the downward revision of GDP growth rate = the afternoon of the 1st.
On the closing day, the Nikkei average stock price increased by 406.92 yen from the previous day to 36,452.30 yen, marking a significant six-day winning streak. The TOPIX (Tokyo Stock Price Index) also rose by 12.15 points to 2,679.44 points, continuing its upward trend for seven days. Following the movement of the NY Dow Inc, which rebounded after a morning dip on April 30, Japanese stocks were initially favored by buyers. However, as the announcement of the Bank of Japan's monetary policy meeting results approached, a wait-and-see mood strengthened, although the meeting decided to maintain the current monetary market adjustment policy.
Takamatsu Construction Group has reached a new high.
New high stocks on the Main Board include Takamatsu Construction Group <1762> and Obayashi Corporation <1802>, totaling 34 stocks. New low stocks on the Main Board include Kakianshoten <2294> and Otsuka Corporation <4768>, totaling 6 stocks. "Main Board" "Standard Board" "Growth Board" new high new low new high new low new high new low 05/01 346434 2020 4/30 611523 2620 4/28 512744 2820 4/25 31048120.
Otsuka's Fiscal Q1 Profit Jumps 24% as Sales Rise 18%
Otsuka Corporation - Significant decline, first quarter results were good but did not meet market expectations.
Significant decline. The first-quarter financial results were announced the day before. The operating profit is 21.2 billion yen, an increase of 22.8% compared to the same period last year. As the end of Windows 10 Resistance approaches in October, the demand for updates has become prominent, and the passengers carried of PCs seem to be expanding. However, expectations for this increase in demand were originally high, and market forecasts appear to be about 1 billion yen lower. The rise in profit margin seems to have been more limited than expected. The full-year Financial Estimates remain at 85 billion yen, an increase of 14.3% compared to the previous term.
The Nikkei average is up about 70 yen, after a round of buying, it is heavy on the upside due to selling while waiting for a pullback = morning of May 1.
On May 1st at 10:18 AM, the Nikkei Average was trading around 36,110 yen, up about 70 yen from the previous day. At 9:13 AM, it reached 36,341.62 yen, up 296.24 yen. In the US market on April 30th local time, while the Nasdaq Composite Index fell, the NY Dow rebounded after an early decline, marking its seventh consecutive day of gains. The impact of the negative growth in Q1 GDP (Gross Domestic Product) was countered. The effect on the Nikkei Average is significant from the SOX (Philadelphia Semiconductors).
Bernstein Sticks to Its Hold Rating for Otsuka Holdings Co (OTSKF)
