JAKOTA Markets Exhibit Varied Trends: Japan’s Nikkei Rises, KOSPI Shows Steady Growth, TWSE Edges Up, Mixed Results for JAKOTA Indices
Japan (Nikkei 225 Index – NIK): Japanese shares experienced a notable gain, rising by 1.5% to close at 32,791.80. The market’s positive movement reflected specific factors influencing key sectors and contributed to improved investor sentiment.
South Korea (KOSPI Composite Index – 180721): The KOSPI displayed resilience, posting an increase of 0.3% to reach 2,525.36. Positive sentiments persisted in the South Korean market, driven by sector-specific dynamics and favorable market conditions.
Taiwan (TWSE Index): The TWSE demonstrated a marginal gain, closing at 17,418.34 with an increase of 0.20%. Sector-specific factors contributed to the slight upward trend in Taiwan’s stock market.
JAKOTA Blue Chip 150 Index experienced a decline, closing at 115.46 USD, indicating negative movements in major blue-chip stocks. Specific market factors influenced the downtick.
JAKOTA Mid and Small Cap 2000 Index maintained stability, settling at 111.39 USD with a marginal gain of 0.11%. The movements suggested a balanced outlook for mid and small-cap stocks in the regional market.
Top Gainers:
LIG Nex1 (079550.KO) surged impressively by 29.87%, closing at 96.54 USD. The stock’s strong performance was driven by the company’s plan to acquire a controlling stake in Ghost Robotics Corp. declared in a regulatory filing late December 8.
RaemongRaein (200350.KQ) recorded a substantial gain of 28.53%, reaching 11.33 USD.
OUTSOURCING (2427.TSE) showed strength with a gain of 26.26%, closing at 9.96 USD. The company has an upcoming cash dividend of 43.00 with an ex-date of Dec, 28, 2023 as well as announced the schedule of the Management Buyout
Koh Young Technology (098460.KQ) exhibited robust growth, recording a gain of 19.34% to close at 10.17 USD.
ROBOTIS (108490.KQ) demonstrated growth, closing at 21.82 USD with a gain of 15.07%.
Top Losers:
Kasumigaseki Capital (3498.TSE) faced a significant decline of 17.21%, closing at 48.87 USD.
Ateam (3662.TSE) witnessed a loss of 8.00%, closing at 4.00 USD. The stock’s performance was affected by recent Financial results briefing material for the first quarter of the fiscal year ending July 2024 publication.
COWELL FASHION (033290.KQ) recorded a decline of 7.72%, closing at 7.88 USD. The stock’s negative movement was influenced by challenges in the fashion retail sector and changes in investor sentiment.
Fortune Electric (1519.TW) faced a decline of 7.62%, closing at 10.65 USD.
Gold Circuit Electronics (2368.TW) witnessed a decline of 7.58%, closing at 6.91 USD.
