All data are based on the daily closing price as of July 19, 2024
DAILY MARKET WRAP

JAKOTA Stocks on November 20, 2023

Japan
South Korea
Taiwan
n 007390.KQ h 042660.KO o 227610.KQ s 011810.KO h 241590.KO k 003690.KO l 2731.TW n 9260.TSE m 7261.TSE r 8890.TSE
Blue Chip 150
Mid and Small Cap 2000
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On Monday, November 20th, the JAKOTA stock markets witnessed a mixed performance, marked by fluctuations in key indices. While Japanese and South Korean markets faced declines, the Taiwanese index remained relatively stable. The JAKOTA indices exhibited varying movements, reflecting the nuanced dynamics of the regional stock landscape.

Contrasting Trends in Asian Stocks: Decline in Japan’s Nikkei, Gains in South Korea’s KOSPI, Stability in TWSE, Mixed Movements in JAKOTA Indices

Japan (Nikkei 225 Index – NIK): Japanese shares experienced a decline, with the Nikkei 225 dropping by 0.6% to close at 33,388.03. The market’s movement hinted at challenges within specific sectors, leading to the negative performance.

South Korea (KOSPI Composite Index): The KOSPI displayed resilience, posting a gain of 0.9% to reach 2,491.20. Despite external pressures, positive sentiments persisted in the South Korean market, driven by sector-specific dynamics.

Taiwan (TWSE Index): The TWSE showed stability, closing at 17,210.47 with a marginal gain of 0.01%. The index maintained its steadiness, influenced by a balanced mix of sector-specific factors.

JAKOTA Blue Chip 150 Index experienced a minor decline, closing at 115.22 USD, indicating a slight decrease of 0.05%. Specific market factors contributed to the slight downturn.

JAKOTA Mid and Small Cap 2000 Index exhibited a modest uptick, settling at 108.89 USD, reflecting a positive movement of 0.23%. The movements suggested ongoing stability for mid and small-cap stocks in the regional market.

Top Gainers:

  • NatureCell (007390.KQ) surged impressively by 13.82%, closing at 6.12 USD. The stock’s robust performance was driven by positive market sentiments and increased investor confidence after the Quarter Report was published last week.
  • DSME (Daewoo Shipbuilding) (042660.KO) recorded a notable gain of 12.29%, reaching 20.49 USD.
  • Outin Futures (227610.KQ) showed strength with a gain of 11.51%, closing at 1.77 USD with no significant news to support the move.
  • STX (011810.KO) witnessed a gain of 10.74%, closing at 11.55 USD. The stock’s positive momentum was supported by the company’s strategic initiatives and improved financial outlook.
  • Hwaseung Enterprise (241590.KO) exhibited growth, recording a gain of 10.48% to close at 6.83 USD. The positive momentum was influenced by strong performance indicators and market optimism.

Top Losers:

  • Korean Reinsurance (003690.KO) faced a significant decline of 14.57%, closing at 5.78 USD. Specific market factors and industry dynamics contributed to the stock’s negative performance.
  • Lion Travel Service (2731.TW) recorded a loss of 8.89%, closing at 4.44 USD. The stock’s decline was influenced by challenges in the travel and tourism sector.
  • Nishimoto (9260.TSE) saw a decline of 7.60%, closing at 42.65 USD. The stock’s performance was affected by specific market conditions and external factors.
  • Mazda (7261.TSE) faced a decline of 6.31%, closing at 11.38 USD. The stock’s negative movement was influenced by challenges in the automotive industry and changes in consumer preferences. The company recently presented its model lineup for 2024.
  • Raysum (8890.TSE) recorded a loss of 6.30%, closing at 21.56 USD. The stock’s performance was affected by specific market conditions and sector-related challenges.
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