On Monday, Japan’s stock market displayed a positive trend, buoyed by notable gains in sectors such as Shipbuilding, Marine Transport, and Paper & Pulp. As trading concluded in Tokyo, the Nikkei 225 index surged by 0.74%, indicating a favorable sentiment among investors.
Leading the charge among top performers on the Nikkei 225 was Kansai Electric Power Co Inc (TYO:9503), which saw a remarkable increase of 6.36% or 163.00 points, closing at 2,727.50. Furukawa Electric Co., Ltd. (TYO:5801) also witnessed substantial gains, climbing by 6.27% or 236.00 points to end at 3,997.00, while Fuji Electric Co., Ltd. (TYO:6504) followed suit, rising by 5.53% or 487.00 points to reach 9,301.00 in late trade.
However, some stocks underperformed during the session. CyberAgent Inc (TYO:4751) experienced a decline of 4.19% or 42.20 points, closing at 965.80, while Nexon Co Ltd (TYO:3659) dropped by 3.54% or 90.50 points to settle at 2,466.00. Similarly, Konami Corp. (TYO:9766) saw a decline of 2.61% or 280.00 points, ending at 10,460.00.
Overall, rising stocks outnumbered declining ones on the Tokyo Stock Exchange, with 2149 stocks on the rise, 1473 on the decline, and 264 remaining unchanged.
Notably, Kansai Electric Power Co Inc (TYO:9503) reached 5-year highs during the session, reflecting the robust momentum with a 6.36% increase to 2,727.50.
The Nikkei Volatility index, which measures the implied volatility of Nikkei 225 options, recorded a rise of 4.37% to 16.96.
In commodities trading, crude oil for July delivery experienced a modest increase of 0.40% or 0.31 to $78.03 a barrel. Brent oil for delivery in August also saw a rise of 0.40% or 0.33 to reach $82.17 a barrel. Meanwhile, the June Gold Futures contract surged by 1.44% or 33.55 to trade at $2,368.05 a troy ounce.
Currency markets witnessed the USD/JPY pair down by 0.12% to 156.80, while the EUR/JPY pair also fell by 0.12% to 170.10.
The US Dollar Index Futures remained unchanged at 104.64, indicating stability in the US dollar’s value against a basket of major currencies.