For the time being, the number of new issue listings isn’t very informative.
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Now, the theme this time isNumber of new high-priced stocks.
The Japan Exchange Group requires listed companies to migrate to trading in units of 100 shares by October 1, 2018.
In response, several September-quarterly earnings companies have undergone reverse stock splits.
For example, if 10 shares are consolidated into 1 share, the theoretical stock price would be about 10 times higher.
This would then count as a new-high stock.
It is a rather strange matter.
Therefore, for the time being,the number of new-high stocks is likely to be an inflated figure due to the distortionand care is required.
Note) The above is my personal opinion and is intended solely to improve financial literacy. Therefore, it is not created for investment solicitation. The final investment decisions should be made at your own responsibility.
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