Market Outlook- 28 June 2021
On Friday, Japanese stocks finished higher, with cyclical Oil and coal developers, as well as steel producers, led and technology sectors tracking a good finish on Wall the Tokyo Stock Exchange's 33 sector sub-indices higher. Street, while gains were limited by concerns over the country's economic recovery and a cautious prognosis In the currency market, the U.S. dollar is trading in the for US markets. higher 110 yen range on Friday.
The Nikkei 225 index increased 0.66 percent to In economic news, the Ministry of Internal Affairs and 29,066.18, while the wider Topix index rose 0.80 Communications said on Friday that overall consumer percent to 1,962.65. prices in Tokyo were unchanged year over year in June. Following a 0.4 percent drop in May, analysts expected a The Nikkei rose 0.35 percent last week to barely above 0.1 percent drop this month. 29,000, which market participants said has become a psychological hurdle as Japan's economic recovery On Sunday, Yasutoshi Nishimura, the minister in charge prospects remain dubious. of the government's coronavirus response, warned that, depending on future infection levels, another state of Tokyo Electron gained 0.7 percent, Advantest 1.5 emergency may be imposed in Tokyo and other locations percent, and Fanuc 1.66 percent, all of which are witnessing signs of a rebound in COVID-19 infections. technology stocks. On Sunday, Tokyo confirmed 386 new COVID-19 cases, Panasonic's stock soared 4.93 percent after the a little increase from the 376 cases recorded a week company revealed in a filing that it had sold its entire before. The news was encouraging, given the recent interest in Tesla last fiscal year. spike in infections there and the fact that a coronavirus state of emergency was revoked only a week ago. Three Crisis-ridden At Toshiba's annual general meeting, days in a row in the capital saw case numbers surge by shareholders voted out its board chairman and another more than 100 percent week over week. director, bringing the stock down 0.62 percent after climbing as high as 1.4 percent.
Top Gainers Top Losers
Company Last Price Change% Company Last Price Change%
Seven & I Holdings Co. ¥ 5,289 5.11% Ltd. Eisai Co. Ltd. ¥ 11,480 -2.17%
Hitachi Zosen Corp. ¥ 730 3.11% Konami Holdings Corp. ¥ 6,880 -2.41%
Mitsui E&S Holdings Co. ¥ 532 2.11% Ltd. Sumco Corp. ¥ 2,728 -1.80%
J. Front Retailing Co. Nissan Motor Co. Ltd. ¥ 566 2.46% ¥ 1,042 -1.60% Ltd.
Mitsubishi Chemical ¥ 947 2.16% Holdings Corp. CyberAgent Inc. ¥ 2,341 -1.56% Market Outlook- 28 June 2021
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