In July, the stock market was highly volatile, rising sharply at the beginning of the month, then falling sharply toward the end of the month, before recovering at the end of the month.
In July, the CG Top 20 significantly outperformed the TOPIX and JPX400 for the third consecutive month.
The July stock market, which began rising on the back of rising U.S. stock prices on expectations of lower U.S. interest rates, subsequently fell sharply due to selling on concerns about the yen’s appreciation and the Bank of Japan’s interest rate hike. On the last day of the month, a sense of relief that the BOJ policy meeting had passed without any problems led to a buying bounce.
The TOPIX and JPX400 indexes gained 0.99% and 1.47%, respectively, in May, while the CG Top 20 index outperformed significantly both indices up by 3.53%.
The composites of CG Top 20 stocks has been replaced as of July 1.
The CG Top 20 has been revised as of July 1. EBARA CORPORATION (6361), TechnoPro Holdings (6028), ENEOS Holdings (5020), INNOTEC (9880), United Arrows (7606), and Persol Holdings (2181) were newly added to the list, while H.U. Group Holdings (2146), Kao Corporation (4452), Kao (4452), Wacom (6727), K’s Holdings Eisai (8282), and Trend Micro (4704) were removed. (2146), Kao (4452), Wacom (6727), K’s Holdings (8282) Eisai (4523), and Trend Micro (4704) were removed. Details of the component stocks are shown in the table below.
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/