CG Stock Performance (Japan): April 2024

April’s stock market returned to values toward the end of the month, although the swing was large throughout the month.
The CG Top 20 stock market outperformed both the TOPIX and JPX400 in April by a wide margin.

Weakness in the U.S. stock market due to concerns about the risk of prolonged inflation and selling of semiconductor sector stocks caused Japanese stock prices to fall from mid-month, but the yen continued to weaken due to the Bank of Japan’s ongoing monetary easing, leading to a buying bounce toward the end of the month.

The TOPIX and JPX400 indexes gained -0.77% and -0.30%, respectively, in April, while the CG Top 20 index underperformed both indices by 1.30%.

The composites of CG Top 20 stocks has been replaced as of July 1.
Wacom (6727), K’s Holdings (8282), Eisai (4523), NSD (9757), and Trend Micro (4704) were new additions, while Ebara Corporation (6361), Orix (8591), United Arrows (7606), Tokyo Gas (9531) and Hoosiers Holdings (3284) were removed. Details of the component stocks are shown in the table below.

Please see detail in the following link.
Please feel free to contact the below email address if any interest or query.

Aki Matsumoto, CFA
Executive Director
Metrical Inc.

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