All data are based on the daily closing price as of May 22, 2024
DAILY MARKET WRAP

JAKOTA Stocks on December 8, 2023

Japan
South Korea
Taiwan
b 2412.TSE p 2168.TSE v 338220.KQ z 079370.KQ s 8112.TW e 294090.KQ b 3180.TSE m 7003.TSE n 036570.KO m 439090.KQ
Blue Chip 150
Mid and Small Cap 2000
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On Friday, December 8th the JAKOTA stock market displayed mixed trends, with declines in Japanese stocks, gains in South Korea, and positive momentum in Taiwan. The JAKOTA indices witnessed varied movements, contributing to the diverse landscape in the regional stock market.

Contrasting Fortunes Across JAKOTA: Nikkei Faces Significant Decline, KOSPI and TWSE Rise, Mixed Results in JAKOTA Indices

Japan (Nikkei 225 Index – NIK): Japanese shares experienced a significant decline, falling by 1.7% to close at 32,307.86. The market’s negative movement reflected specific factors influencing key sectors and contributed to cautious investor sentiment.

South Korea (KOSPI Composite Index – 180721): The KOSPI displayed resilience, posting a gain of 1.0% to reach 2,517.85. Positive sentiments persisted in the South Korean market, driven by sector-specific dynamics and favorable market conditions.

Taiwan (TWSE Index): The TWSE demonstrated positive momentum, closing at 17,383.99 with an increase of 0.61%. Sector-specific factors contributed to the 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:

  • Benefit One (2412.TSE) surged impressively by 25.66%, closing at 13.08 USD. The stock’s strong performance was driven by higher bid for the company from Dai-Ichi Life, that should take the deal away from M3 Inc.
  • Pasona Group (2168.TSE) recorded a notable gain of 20.90%, reaching 19.21 USD. The stock benefited from the recent Notice regarding the start of the tender offer of Benefit One Co., Ltd. by Dai-ichi Life Holdings Co., Ltd.
  • Vuno (338220.KQ) showed strength with a gain of 11.35%, closing at 31.06 USD.
  • Zeus (079370.KQ) exhibited robust growth, recording a gain of 10.61% to close at 34.19 USD. The company released a Half Year Report last week.
  • Supreme Electronics (8112.TW) demonstrated growth, closing at 1.95 USD with a gain of 9.96%. Sector-specific factors and favorable market conditions, including expectations of rising memory chip prices, are anticipated to boost revenue, according to Supreme.

Top Losers:

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