This week’s[Quick understanding of stock market conditions]Rebound, regaining stability with Bank of Japan policy of “maintaining status quo” | Market Conditions – Stock Search News

Nikkei Average From “Stock Search” multi-functional chart

■This week’s market points
1. The Nikkei average rebounded for the first time in two weeks but could not maintain the 38,000 yen level.
2. Semiconductor-related stocks are down by themselves at the beginning of the week, and the overall market is rising
3. Risk appetite continues as European and US stock prices rise, and concerns about the Middle East recede
4. Due to the rise in semiconductors, there was a sudden rise in the overall market
5. Bank of Japan meeting decides to maintain status quo, regaining calm

■Weekly market overview
On the Tokyo stock market this week, the Nikkei Stock Average rose 866 yen (2.3%) from the previous weekend to 37,934 yen, marking the first rise in two weeks.

This week, the market continued to show steady growth since the beginning of the week, but it plunged on Thursday. There was a trend of selling due to the financial results of major companies and the Bank of Japan’s monetary policy meeting the next day. However, things calmed down on Friday, and the market became firm again, helped by the outcome of the Bank of Japan meeting.

The Tokyo stock market rebounded on the 22nd (Monday) at the beginning of the week. The price has rebounded from the sharp drop last Friday. In the US stock market last weekend, while the New York Dow rose, the NASDAQ Composite Stock Price Index and the Philadelphia Semiconductor Stock Index (SOX Index), which have a high proportion of high-tech stocks, fell. In response to this, semiconductor-related stocks were sold in the Tokyo market, but other stocks were bought at high prices across the board, pushing up the overall market price. It also rose on the 23rd (Tuesday). Risk appetite continued as the stock market in Europe and the US rose on the previous day. European stock markets were generally high on that day, and the US stock market was also strong due to lower US interest rates and abatement of unrest in the Middle East. Continuing this trend, the Tokyo market rose even higher on the following day, the 24th. Semiconductor-related stocks, which had been forced to adjust in the past, also soared across the board. The Nikkei average rose by more than 900 yen and quickly recovered to the 38,000 yen level. It seemed like the price would return to an uptrend from here, but on the 25th (Thursday), the price changed and fell sharply. As the season for major companies to announce their financial results is in full swing, stocks with poor performance have become targets for selling, and the overall mood of the market has become risk-off. Ahead of the announcement of the results of the Bank of Japan’s meeting the next day, it appears that there was some selling to adjust their holdings. The Nikkei average has fallen by more than 800 yen and has almost reached a “come back” state. There was a rebound on the 26th (Friday). While the stock was trending steadily in reaction to the sharp drop the previous day, buying increased after the Bank of Japan decided to maintain the status quo. The Nikkei average rose by 400 yen at one point, and the yen depreciated to the 156 yen level to the dollar. However, due to the weekend factor, the Nikkei average was unable to maintain its level of 38,000 yen and ended trading.

■Next week’s points
Next week will be held for only three days due to the Golden Week holiday, but it will be a week full of factors that will cause market fluctuations, including the US FOMC meeting that will be held from April 30th to May 1st. Care must be taken as to whether and when the Bank of Japan will intervene in foreign exchange.

Domestically, attention will be focused on important events such as the unemployment rate, job openings-to-applicants ratio, and industrial production for March, which will be announced on the morning of the 30th. Overseas, in addition to the FOMC mentioned above, China’s April Manufacturing PMI and the US April Conference Board Consumer Confidence Index will be announced on the 30th, and the US April ADP employment statistics and ISM Manufacturing will be announced on May 1st. It will be necessary to pay close attention to the industrial economy index, the US April employment statistics and the ISM non-manufacturing economy index, which will be announced on the 3rd.

■Daily movements (April 22nd to April 26th)

[↑]April 22nd (Monday) — Rebound and buybacks aimed at rebound are dominant
Nikkei average 37438.61 (+370.26) Trading volume 1,708.28 million shares Trading value 4,307 billion yen

[↑]April 23rd (Tuesday) — Continued growth, strong buying position due to high European and American stocks, but top price is heavy
Nikkei average 37552.16 (+113.55) Trading volume 1,430.44 million shares Trading value 3,701.4 billion yen

[↑]April 24th (Wednesday) — Three consecutive rises, semiconductor-related items bought and recovery to 38,000 yen level
Nikkei average 38460.08 (+907.92) Trading volume 1,740.55 million shares Trading value 4,551.3 billion yen

[↓]April 25th (Thursday) – Sharp decline, futures-led selling dominated by risk aversion
Nikkei average 37628.48 (-831.60) Trading volume 1,594.31 million shares Trading value 3,966.9 billion yen

[↑]April 26th (Friday) — Buying prevails due to rebound and Bank of Japan maintaining monetary policy
Nikkei average 37934.76 (+306.28) Trading volume 1,861.22 million shares Trading value 4,967.4 billion yen

■Sector trends
(1) 31 out of 33 industries increased
(2) Insurance such as Tokio Marine <8766> and securities such as Nomura <8604> are both at the top of the list in price increase.Banks such as Mitsubishi UFJ <8306> were also bought in financial stocks.
(3) Among export stocks, precision equipment such as HOYA <7741> has increased significantly, electrical machinery such as Keyence <6861>, and machinery such as Daikin <6367> are also performing well.
(4) Domestic demand stocks such as services such as Recruit <6098>, construction such as Taiseiken <1801>, and food products such as Mountain Bread <2212> are also high.
(5) Economically sensitive stocks such as shipping such as Yusen <9101>, non-ferrous metals such as Sumitomo Mine <5713>, and steel such as Tokyo Steel <5423> are also solid.
(6) Prices have decreased only in two industries: mining, such as INPEX <1605>, and electricity/gas, such as TEPCO HD <9501>.

■[Investment Theme]Weekly Top 5 (Number of accesses on Stock Search PC version)
1(1) Data center
2(2) Semiconductor
3(3) Artificial intelligence
4(5) Generative AI ── Softbank is serious about development with huge investment
5(6) Semiconductor manufacturing equipment
*Brackets are previous week’s rankings

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