It looks like Japan is well-recovering from the natural disasters that hit the country and this reclamation is reflected in TOPIX500. A rising stock market, weakening yen and reviving corporate profits all suggest government and central-bank actions are aligning to aid reconstruction and return the economy to a path of meaningful growth that has been elusive for years.
Topix500 (INDEXTYO:TOPIX500) is an index that measures stock prices on the Tokyo Stock Exchange (TSE). It includes 500 of the most liquid Japanese companies. Recently, the index has been in an increasing channel and stands at $ 763.93, as this could be seen from the graph.
TOPIX500 is a capitalization-weighted index, under which all firms are listed that are considered to be under the first section on the TSE, which groups all of the large firms on the exchange into one pool. The index was developed with a base value of 1000 as of April 1, 1998.
From the latest TSE gains the top 5 gaining companies are: Nexon Co. Ltd (+3.56%), Lixil Group Corp. (+3.42%), Square Enix Holdings (+2.99%), Mitsubishi Tanabe Ph. (+2.83%) and Hisamitsu Pharmaceut. (+2.50%). On the other hand, the top 5 losing companies are: Advantest Corp. (-6.46%), Okuma Corp. (-6.20%), Tokyo Electron Ltd. (-6.11%), Dainippon Screen Man. (-5.05%) and Ulvac Inc. (-5.01%).
Disclaimer:
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.
