End-of-month anomaly risk alert?!
The Nikkei Stock Average declined for the second day in a row.
It fell below the 25-day moving average for the first time in six business days since 6/21.
In the morning, broad selling led by economically sensitive stocks.
Due to sizable selling pressure in stock index futures, the downside widened and it temporarily fell below the 28,800 yen level.
There were moments of restraint, but in the afternoon it slid further to 28,735 yen (down 312 yen from the previous day).
With the month ending tomorrow (last trading day of the month),
some viewed the month-end sell-off as a caution against a month-end anomaly (a movement that cannot be logically explained), leading to profit-taking selling pressures.
The Mothers Index fell for the first time in six days.
As the overall Tokyo market remained weak, profit-taking pressure spread to the emerging market equities as well.
Nikkei Average: 28,812.61 -235.41 -0.81% (close, second day of decline)
25-day moving deviation rate: -0.39%
Dow Jones CFD: 34,298 +15 +0.04%
WTI crude oil, near-month: 72.79 -1.78%
Shanghai Composite: 3,576.53 -29.84 -0.83%
Hong Kong Hang Seng Index: 28,978.00 -301.00 -1.03%
Taiwan Weighted Index: 17,598.19 +7.22 +0.04%
SQ values: 29,046.40 (Jun 11) 29,282.41 (March major SQ)
TOPIX: 1,949.48 -16.19 -0.82% (third-day decline)
FX: 1 USD = 110.614 JPY; 1 EUR = 131.840 JPY; Bitcoin 3856.876 +0.98%
TSE Mothers: 1,205.68 -1.36 -0.11% (sixth-day decline)
Nikkei Jasdaq Average: 3,988.77 -6.97 -0.17% (sixth-day decline)
TSE Second Section Index: 7,691.37 -38.64 -0.50% (sixth-day decline)
TSE First Section trading value was 1,034,640,000,000 shares, with turnover of 2,339.8 billion yen.
TSE First Section: 420 gainers (19%), 1,689 decliners (77%), 76 unchanged (3%).
Mothers market trading volume: 94.22 million shares; turnover: 1,770 billion yen.
Mothers advancing: 156 (42%); declining: 191 (52%); unchanged: 13 (3%).
In the TSE First Section by industry, 3 sectors rose and 30 fell.
Top gainers include Shipping, Precision instruments, Electrical equipment,.
Top decliners include Mining, Steel, Glass-ceramics and other nonmetallic products, Rubber products, Nonferrous metals, Air transportation, Other financials, Petroleum and coal products, …
Among the Top gainers in the TSE First Section: Shobunsha 9475 [current 514 yen +43 yen] LITALOCO 7366 [current 5,540 yen +360 yen]
Nisshoken Wells 3992 [current 663 yen +38 yen] E-RENEX 9517 [current 2,641 yen +141 yen]
Top decliners: San-Ai Sekiyu 8097 [current 1,292 yen -88 yen] Himalaya 7514 [current 1,090 yen -72 yen]
WillPlus HD 3538 [current 1,065 yen -68 yen] Nippon Carbon 5302 [current 4,195 yen -265 yen]
Three megabanks MUFG 8306 [current 601.6 yen -9.3 yen] Mizuho 8411 [current 1,596.0 yen -26.5 yen]
Sumitomo Mitsui 8316 [current 3,854 yen -67 yen]
Nomura 8604 [current 576.3 yen -6.5 yen] Daiwa 8601 [current 605.0 yen -11.0 yen]
SoftBank Group 9984 [current 7,755 yen -170 yen] Toyota 7203 [current 9,740 yen -102 yen]
Sony 6758 [current 11,000 yen +130 yen] Fujifilm 4901 [current 8,164 yen 0 yen] Takeda 4502 [current 3,702 yen -44 yen]
Nikkei Leveraged 1570 [current 15,740 yen -210 yen] Nikkei Double Inverse 1357 [current 415 yen +7 yen]
International VIX 1552 [current 2,585 yen +5 yen] NY Dow Bear 2041 [current 2,999 yen +13 yen]
WTI Crude Oil ETF 1671 [current 1,547 yen -29 yen]
From here, notable stocks
The following information is for Korona Asa Premium members.
http://www.koronoasa.com/info/
Sat 7/3: Korona Asa Seminar, July Special: The God of Good Fortune in the Market arrives (Tokyo, Hatchobori)
https://www.directform.jp/form/f.do?id=9960c1d1dfddab9
Wed 7/21: Korona Asa Seminar, Special Lecture: Hideaki Sakurai WEB Solo Session (download)
https://www.directform.jp/form/f.do?id=9060d80a8139de7
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