Tokyo stocks finished the session with a modest gain on Monday as sector strength in Real Estate, Banking and Textile names helped lift the benchmark.
At the close of trade the Nikkei 225 was up 0.14%.
The session's top performers on the Nikkei 225 included Mitsubishi Heavy Industries, Ltd. (TYO:7011), which surged 8.39% or 318.00 points to finish at 4,110.00. Japan Steel Works Ltd (TYO:5631) advanced 7.48% or 595.00 points to close at 8,550.00, and IHI Corp. (TYO:7013) rose 7.02% or 201.50 points to end the day at 3,071.00.
Not all large-cap names moved higher. The heaviest declines on the index were posted by Taiyo Yuden Co., Ltd. (TYO:6976), which fell 10.58% or 2,175.00 points to trade at 18,385.00 at the close. Ibiden Co Ltd (TYO:4062) dropped 8.37% or 1,955.00 points to finish at 21,390.00, and Murata Mfg Co (TYO:6981) was down 7.49% or 830.00 points to 10,250.00.
On net, advancing issues outnumbered decliners on the Tokyo Stock Exchange by 2,509 to 1,036, while 219 stocks ended unchanged.
Options markets attached significantly more implied volatility to the Nikkei 225. The Nikkei Volatility index rose 37.87% to 34.11.
Commodities and currency moves included crude oil for August delivery trading unchanged at $68.69 a barrel. Brent oil for September delivery slipped 0.17% or $0.12 to $72.00 a barrel. The August Gold Futures contract rose 0.87% or $35.79 to trade at $4,161.49 a troy ounce.
In foreign exchange markets, USD/JPY moved higher by 0.56% to 162.28, while EUR/JPY increased 0.43% to 185.36. The US Dollar Index Futures was up 0.20% at 100.82.
Market snapshot
- Nikkei 225 - closed +0.14%
- Top gainers: Mitsubishi Heavy Industries (7011), Japan Steel Works (5631), IHI Corp. (7013)
- Top losers: Taiyo Yuden (6976), Ibiden (4062), Murata Mfg (6981)
- Nikkei Volatility - up 37.87% to 34.11
This session underscores a market in which sector leadership and large individual swings in share prices both contributed to a modest overall advance for the Nikkei 225. While several industrials posted double-digit percentage gains, notable technology and component names fell sharply, contributing to a mixed underlying picture.