May stocks closed the month recovering the price declines of the first half of the month as the U.S. stock market rallied in favor of a slowdown in the rise of inflation numbers. CG Top 20 stocks underperformed against both TOPIX and JPX400 indices in the bear market.
In the first half of the month, the stock prices slumped as U.S. stocks weakened due to concerns about rising U.S. interest rates. At the end of the month, U.S. stocks rose sharply on expectations that U.S. inflation numbers would peak out, and edged higher recovering the declines of the early the month. Both Topix and JPX400 indexes rebounded 0.78% and 0.82%, respectively, during the month of May. Meanwhile, the CGTop20 stock index, the top CG Rating Score, underperformed against both indices, sliding -0.19%.
Please see detail in the following link.
http://www.metrical.co.jp/
Please feel free to contact the below email address if any interest or query.
Aki Matsumoto, CFA
Executive Director
Metrical Inc.
akimatsumoto@metrical.co.jp
http://www.metrical.co.jp/jp-home/