【Fujitomi】Nikkei stock average modest rise, March-end ex-dividend amount (about 131 yen 97 sen) fills the gap

The Nikkei stock average continued its rise, closing at 19,217.48 yen, up 14.61 yen (0.08%) from the previous day. It filled the dividend entitlement drop for the March term (131.97 yen). With the supply-demand event passing smoothly, domestic markets are likely to face little guidance until the March-term full-year earnings season intensifies from late April. Today, as the new fiscal year effectively began, domestic institutional investors were observed to take profits on small-cap stocks. Additionally, because of the dividend entitlement drop, high-dividend-yielding stocks declined. In the Tokyo foreign exchange market, the dollar-yen pair remained pressured as policy expectations waned following President Trump’s withdrawal of support for the Obamacare replacement bill, but rebounded in the overseas markets the previous day due to unexpectedly strong U.S. consumer confidence data. The rebound in the dollar-yen supported export-related stocks, helping to support the market.

TOPIX fell, ending at 1,542.07, down 2.76 points (0.18%). The total trading value on the Tokyo Stock Exchange First Section was 2.1595 trillion yen, with a trading volume of 1.75140 billion shares. The number of advancing stocks in the First Section was 716, decliners 1,158, and 118 unchanged.

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