Monday, September 30, 2013
April-Sept TSE 1st Section Trading Hits 6-Yr High
TOKYO (NQN)--The trading value on the first section of the Tokyo Stock Exchange in April-September jumped 160% on the year to 320.88 trillion yen, its highest level in about six years.
A wide range of investors placed buy orders over the half-year period on hopes the Bank of Japan's new round of monetary easing and economic stimulus measures introduced by the government of Prime Minister Shinzo Abe would boost the economy.
In May, trading value on the first section of the TSE rose 15% from the previous month to just under 75.7 trillion yen, a record high. But after the Nikkei Stock Average plunged more than 1,000 points on May 23, in reaction to speculation U.S. monetary easing would soon end, and on concerns over the economic outlook for emerging markets, investors began moving to avoid risk. This has since put a damper on trading values.
Masayuki Otani at Securities Japan Inc. said trading value will recover if many Japanese companies have solid earnings announcements in mid-October.
(Nikkei Quick News, Sept. 30)