Sector on 4/10 and a roundup of individual stock trends: Kioxia Holdings advances significantly, topping the 30,000 yen level for the first time and hitting intraday highs for consecutive sessions

4/10Sector and individual stock movements

4Month10日 Daily Nikkei stock average rose by1028.79yen (1.84%) to56924.11yen, marking a strong rebound. It crossed into the 57,000-yen level for the first time since March 3 during trading hours. On the 8th, the Nikkei average fell by2878.86yen, and the day’s gain was the third-largest on record. However, on the following 9th, it fell slightly by413.10yen. The 10th opened with a rebound. Still, Fast Retailing (9983) rose650.86yen, Tokyo Electron (8035) rose by186.05yen, and Fujikura (121.08) rose by121.08yen, with the three stocks together lifting the Nikkei by957.99yen. In the overall Nikkei 225, the number of advancing issues was76, unchanged issues3, and declining issues146. In short, the Nikkei average rose substantially, but it was lifted by a few standout stocks.

In the U.S. market the previous day, the SOX index hit new highs for several consecutive days, and Prime Minister Netanyahu of Israel said on the 9th that he instructed the cabinet to engage in direct talks with Lebanon, while the U.S. and Iran planned to hold the first round of peace talks in Pakistan on the 11th, all of which acted as buying catalysts.

Regarding the Nikkei 225, Fast Retailing (9983) rose by650.86yen, Tokyo Electron (8035) rose by186.05yen, and Fujikura (121.08) rose by121.08yen, lifting the Nikkei 225. In the overall Nikkei 225, the number of advancing issues was76, unchanged issues3, and declining issues146. The Tokyo Stock Exchange’s 33 sectors saw notable gains in non-ferrous metals, glass/minerals, retail, and electrical equipment.

Kioxia Holdings (285A) 30140 yen+2440

Continuing to surge, it reached the 3 million-yen level for the first time and continued to hit all-time highs. On the 9th, U.S. stock market news that SanDisk, which is jointly developing flash memory, saw stock prices rise was a buying catalyst. The trading value reached 1.3881 trillion yen, and for three days since April 9, it surpassed 1 trillion yen. It was the first time in history that the trading value of individual stocks reached 1 trillion yen for three consecutive days. An article published in the morning edition of the Nihon Keizai Shimbun on April 8 reported: “Kioxia is considering dividends; for the first time since listing, due to rapid earnings expansion, shareholder returns, market capitalization, and post-listing performance.” It notes that “Kioxia will outline its long-term capital allocation approach, including growth investment and shareholder returns, at an investor meeting scheduled for June.”