Upward Momentum in the JAKOTA Equities: Robust Gains in South Korea, Steady Growth Across Japan and Taiwan
Japan (Nikkei 225 Index – NIK): Japanese shares added 0.3%, reaching 32,695.93. The market’s movements suggested a blend of factors influencing specific sectors, contributing to the modest uptick.
South Korea (KOSPI Composite Index – 180721): The KOSPI exhibited robust growth, increasing by 1.2% to 2,433.25. Positive sentiments in South Korean stocks were influenced by industry-specific dynamics and favorable market conditions.
Taiwan (TWSE Index): The TWSE continued on a positive trajectory, closing at 16,915.71 with a gain of 0.45%. Sector-specific factors contributed to the upbeat trend in Taiwan’s stock market.
JAKOTA Blue Chip 150 Index saw a notable increase, closing at 111.10 USD, indicating positive movements in major blue-chip stocks. Specific market factors influenced the uptick.
JAKOTA Mid and Small Cap 2000 Index experienced a minor uptick, settling at 105.49 USD. The movements suggested stable dynamics for mid and small-cap stocks in the regional market.
Top Gainers:
- Micronics Japan (6871.TSE) surged by 18.87%, closing at 21.01 USD. The stock’s strong performance was influenced by Q3 Results Release today.
- Vuno (338220.KQ) recorded a substantial gain of 17.73%, reaching 28.86 USD. Positive market sentiment was similarly influenced by Q3 Results.
- Tazmo (6266.TSE) demonstrated strength with a 16.93% gain, closing at 23.07 USD. The company’s Financial Results for the third quarter also influenced the stock’s performance.
- Studio Mir (408900.KO) recorded a gain of 14.44%, reaching 17.04 USD. Positive market sentiment and industry dynamics, as well as positive quarterly earnings contributed to the stock’s positive momentum.
- ISC (095340.KQ) exhibited a gain of 13.32%, closing at 63.51 USD. The stock’s upward movement was driven by optimistic market sentiment and favorable industry dynamics.
Top Losers:
- Optorun (6235.TSE) faced a decline of 14.16%, closing at 10.47 USD. On 13th of November the Q3 Results were posted and today the public notice of the resolution of the board directors on stock offering matters has been posted.
- Tsuburaya Fields Holdings (2767.TSE) experienced a notable loss of 13.91%, closing at 8.98 USD after publishing the Financial Presentation for the second quarter of fiscal year ending March 31, 2024.
- Hakuhodo DY Holdings (2433.TSE) saw a decline of 13.11%, closing at 7.56 USD, reflecting challenges within its industry after the Second Quarter Report was released.
- Gamecard-Joyco Holdings (6249.TSE) faced a loss of 11.26%, closing at 14.58 USD, negative momentum continuing for a second day in a row after the Q2 Results were published.
- Voronoi (310210.KQ) recorded a decline of 9.23%, closing at 25.04 USD. The stock’s performance added nuances to the day’s trading in the technology sector.
